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 Project Edge Project Clayton Capital investment $164,800 $180,250 $204,000 Annual net income: Year 1 14,420 18,540 27,810 2 14,420 17.510 23,690 3 14,420 16.480 21,630 4 14,420 12360 13,390 5 14,420 9,270 12,360 Total $72.100 $74,160 $98,880 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 factor table. (a) Your answer is correct Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50) Project Bono 248 years Project Edge 3.40 years Project Clayton 3.18 years eTextbook and Media Attempts: 1 of 5 used Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, eg 10.50) Project Bono 3.48 years Project Edge 240 years Project Clayton 3.18 years (b) eTextbook and Media Attempts: 1 of 5 used Your answer is correct Compute the net present value for each project. (Round answers to O decimal places, eg. 125. If the net present value is negotive, use either a negative sign preceding the number es-45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Net present value 5975 eTextbook and Media -7531 Project Clayton 2887 Attempts: 2 of 5 used (c) Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation) (Round answers to 2 decimal places, eg. 10.50%) Project Bono Annual rate of return Save for Later Project Edge Project Clayton Attempts: 0 of 5 used Submit Answer