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 Prc Capital investment $174,400 $14 Annual net income: Year 1 15,260 2 15,260 3 15,260 4. 15,260 5 15,260 Total $76,300 $. 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.) (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton Save for Later Attempts: 0 of 7 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above