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 follow:s. Project Bono $164,800 Project Edge $180,250 Project Clayton Capital investment Annual net income: Year 1 14.420 14,420 14,420 14,420 14,420 $72,100 18,540 17,510 16,480 12,360 9,270 $74,160 27,810 23,690 21,630 13,390 12,360 $98,880 4 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 view PV table. Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation,) [Round answers to 2 declmal places, eg. 10.50%) Project Bondo Project Edge Project Clayton Annual rate of return Attempts:0 of 4 used Save for Later Check