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.) Click here to view PV table. Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono years Project Edge years Project Clayton years Compute the net present value for each project. (Round answers to O decimal ploces, eg. 125. If the net present value is negative, use either a negative sign preceding the number eg - 45 or parentheses g (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal ploces, e.g. 10.50. Compute the annual rate of return for each project: (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, e.8. 10.50.) eTextbook and Media Rank the projects on each of the foregoing bases. Which project do you recommend? Rank the projects on each of the foregoing bases. Which project do you recommend? The best project is