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 12.360 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 casb flows occur evenly throughout the year)