U3 Company is considering three long-term capital investment proposals. Each irvestment has a useful life of 5 years. Relevant data on each project are as follows. 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.) Compute the cash payback period for each project. (Round answers to 2 decimal places, es. 10.50.) Project Bono years Project Edge years Project Clayton years Compute the net present value for each project. (Round answers to 0 decimal ploces, eg. 12.5. If the net present value is negative, use either a nesative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal ploces as displayed in the factor toble provided. Compute the annual rate of return for each project (Hint: Use average annual net income in your computation) (Round answers to 2 decimal plaoes eg. 10.504 . Rank the projects on each of the foregoing bases. Which project do you recommend? The best project is