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 Capital investment Annual net income Project Edge Project Clayton $183,750 $202.000 Year 1 14,700 18.900 28,350 2 14,700 17.850 24.150 3 14,700 16,800 22,050 4 14,700 12,600 13,650 5 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.) * Your answer is incorrect. 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 e Textbook and Media x Your answer is incorrect. Rank the projects on each of the foregoing bases. Which project do you recommend? Net Present Value Cash Payback Annual Rate of Return Project Bono Edge Clayton The best project is e Textbook and Media 0/0.83 Question Part Score