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		$160,000		$175,000		$200,000
Annual net income:
Year 1		14,000		18,000		27,000
2		14,000		17,000		23,000
3		14,000		16,000		21,000
4		14,000		12,000		13,000
5		14,000		9,000		12,000
Total		$70,000		$72,000		$96,000

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

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
Net present value		$		$		$