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 Edge Project Clayton Project Bono Capital investment $171,200 $187,250 $208,000 Annual net income Year 1 19,260 28,890 14,980 24,610 18,190 14,980 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.) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono years Project Edge years Project Clayton years