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 $171,200 $187,250 $208,000 Annual net income Year 1 14,980 28,890 19,260 14,980 18,190 24,610 14,980 17,120 22,470 14,980 12,840 13,910 14,980 9,630 12,840 74,900 $77,040 $102,720 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.) Y (a) Your answer is correct. Comput the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono 3.48 years Project Edge 3.40 years Project Clayton 3.13 years Compute the net present value for each project. (Round answers to 0 decimal places, e.g. 125 I 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 displayed in the factor table provided Project Bono Project Edge Project Clayton Nat prasent value Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) e.g. 10.50.) Project Bono Project Edge Project Clayton Annual rate of return