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U3 company is considering the three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are
U3 company is considering the three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evently throghout the year.) Compute the cash payback period for each project.(Round answers to 2 decimal places, e.g. 10.50) Project Bono___years Project Edge____years Project Clayton___years
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