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	$208,000
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 cash flows occur evenly throughout the year.)

Compute the net present value for each project.(Round answers to 0 decimal places, e.g. 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

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