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 $171,200 Project Edge $187.250 Project Clayton $208,000 Capital investment Annual net income: Year 1 UWN 14.980 14.980 14,980 14.980 14.980 $74.900 19,260 18,190 17.120 12,840 9,630 $77,040 28,890 24,610 22.470 13,910 12,840 Total $102,720 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 years Project Edge years Project Clayton years eTextbook and Media Save for Later Attempts: 0 of 3 used Submit