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.

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 Edge Project Clayton Project Bono $176,750 $204,000 Capital investment $161,600 Annual net income: 27,270 Year 1 14,140 18,180 17,170 14,140 23,230 14,140 16,160 21,210 13,130 14,140 12,120 14,140 9,090 12,120 $70,700 $72,720 $96,960 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. Click here to view PV table. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono ears Project Edge ears. Project Clayton