U3 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 Project Bono Capital inwestment164,800 Project Edge $180,250 Project Clayton $20B,000 Annual net income: 14,420 14,420 14,420 14,420 14,420 $72,100 Year 1 13,540 17,510 16,480 12,360 9.270 $74,160 27,810 23,690 21,630 13,390 12,360 $9B,BBO Total 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 evenly throughout the year.) Cick here to view PV table Your answer is incorrect. Compute the cash payback period for each project. (Round answers to 2 decimal places, eg 10.50) Project Bono Project Edge Project Clayton years years years Attempts:1 of 4 used Save for Later Check Answe