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 $168,000 Project Edge Project Clayton $183,750 $202.000 Capital investment Annual net income Year 1 14,700 18,900 28,350 2 14,700 17,850 24,150 3 16,800 22,050 14.700 14.700 4 12,600 13,650 S 14,700 9,450 12,600 Total $73,500 $75,600 $100,800 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 the fartar tahl (b) Compute the net present value for each project. (Round answers to decimal places, eg. 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 $ eTextbook and Media Assistance Used Save for later Attempts:0 of 5 used Submit