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 $164,800 Project Edge $180,250 Project Clayton $202,000 Capital investment Annual net income: Year 1 2 3 4 14,420 14,420 14,420 14,420 14,420 $72.100 18,540 17.510 16,480 12,360 9.270 $74,160 27,810 23,690 21,630 13.390 12,360 5 Total $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 % your answer is incorrect. Try again. 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 Comote the net present value for each project. (Round answers to decimal placeses 12. Ir the net present was eativece calculation purposes se decimal places as displayed in the factor the provided) Project Bono Project Edge Project Clayton Net present value 531 ET our wer scoret. Try Compite the numre of recum for each project. Irint: Use weape anu net came in your comprends To 7 decimary Project Bono Project Edge Project Clayton Antud rate of return LINK TO TO LINETOTEKT 10 TOT Your raner sportially correct. By again. surk the projects on each of the foregoing buses which project do you recommend? Annual Project Cash Payback Present Value rate of Return Net Bono Edge Clayton The best project