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 Annual net income Ycar 1 $168.000 $183,750 $210,000 14,700 11./00 14,700 14,700 14.700 73,500 18,900 1/,850 16,800 12,600 9.450 $75,600 28,350 24,150 22,050 13,650 12,600 $100,800 Total 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 vicw PV table. Compute the cash payback period for each project. [Round answers to 2 decimal places, es 10.50,) Project Bono Project Edee Project Clayton years eTextbook and Media Compute the not present value for cach pro ct. Round answers o docr al placc 125 thc nct pr s nt va es n v number eg-15 or parentheses eg (5). For calculation purposes, use 5 decimal places as displayed in the factor table provided) usc cit cr a n a s m preco ng h Project Bono Project Edge Project Clayton Net present value $ eTextbook and Media Compute the annual rate of return for each project. (Hint:Use average annual net income in your computation.) (Round answers to 2 decimal places, eg. 10.50 Project Bono Project Edge Project Clayton Annual rate of return cTcxtbook and Mcdia Rank the projects on each of the foreroinz bases. Which project do you recommend? Net Present Value Annual Rate of Return Project Cash Payback Hono The best projet is