U$3$ Company is considering three long$-$term capital investment proposals. Each investment has a useful life of $5$ years. Relevant data on each project are as follows.

$\backslash$table$[[,$Project Bono,Project Edge,Project Clayton$],[$Capital investment,$$171,200,$$$187,250,$$$20$

$($a$)$

Compute the cash payback period for each project. $($Round answers to $2$ decimal places, es $10\mathrm{.}50)$

Project Bono

Project Edge

Project Clayton

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years

years

years

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$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.