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. 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.) \begin{tabular}{ccr} \hline Bono & Project Edge & Project Clayton \\ \hline 8,000 & $183,750 & $202,000 \\ 44,700 & 18,900 & 28,350 \\ 44,700 & 17,850 & 24,150 \\ 44,700 & 16,800 & 22,050 \\ 44,700 & 12,600 & 13,650 \\ 44,700 & 9,450 & 12,600 \\ \hline 3,500 & $75,600 & $100,800 \\ \hline \end{tabular} Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton 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 Rank the projects on each of the foregoing bases. Which project do you recommend? The best project is 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. 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.) \begin{tabular}{ccr} \hline Bono & Project Edge & Project Clayton \\ \hline 8,000 & $183,750 & $202,000 \\ 44,700 & 18,900 & 28,350 \\ 44,700 & 17,850 & 24,150 \\ 44,700 & 16,800 & 22,050 \\ 44,700 & 12,600 & 13,650 \\ 44,700 & 9,450 & 12,600 \\ \hline 3,500 & $75,600 & $100,800 \\ \hline \end{tabular} Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton 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 Rank the projects on each of the foregoing bases. Which project do you recommend? The best project is