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 $163,200 $178,500 $202,000 Annual net income: Year 1 14,280 18,360 27,540 2 14,280 17,340 23,460 3 14,280 16,320 21,420 4 14,280 12,240 13,260 5 14,280 9,180 12,240 Total $71,400 $73,440 $97,920 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 PV table. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono years Project Edge years Project Clayton years