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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

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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 Iows occur evenly throughout the year.) Compute the cash payback period for each project (Round onswers to 2 decimal places, es. 10.50.) Project Bono Project Edge Project Clayton years years years

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