U3 Company is considering three long term capital livestment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows Project Bono Project Edge Project Clayton Capital Investment $164.800 $180,250 $204.000 Annual net income Year 1 14420 18540 27.810 2 14.420 17.510 23.690 3 14,420 16,180 21630 4 14,420 12360 13.390 5 14,420 9.270 12:360 Total 57.100 574,160 590 BDO Depreciation is computed by the strane method with no salvace value. The compariscost of capital 15% sume that can flows occur evenly throughout the year) Click here to view the factor table fa Your answer is correcta Compute the cash payback period for each project. (Round answers to 2 decimal places, s. 10.50.) Project Bono 3.48 years Project Edge 3.40 years Project Clayton 3.16 years eTextbook and Media Attempts: 2 of 3 used (b) Compute the net present value for each project. (Round answers to decimal places, eg: 125. the net present value is negative, use either a negative sign preceding the number is 45 or parentheses es (45) For calculation purposes, use 5 decimal places as displayed in the factor table provided) Project Bona Project Edge Project Clayton Net present value 5 Textbook and Media