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 $ 164,800 Project Edge 180,250 Project Clayton 204,000 Capital investment Annual net income: Year 1 14,420 14,420 14,420 14,420 14,420 $72.100 18,540 17,510 16,480 12,360 9,270 $74,160 27,810 23,690 21,630 13,390 12,360 $98,880 2 3 4 Total 7100 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton 3.47 years 3.38 years 3.15 years Compute the net present value for each project. (Round answers to O decimal places, e.s. 125. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided. Project Bono Project Edge Project Clayton Net present value$