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 174,400 $190,750 $218,000 Capital investment Annual net income 15,260 19,620 29,430 ear 1 25,070 15,260 18,530 3 15,260 17,440 22,890 13,080 4 15,260 14,170 15,260 9,810 13,080 Total $76,300 $78,480 $104,640 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Click here to view PV table Compute the net present value for each project. (Round answers to O decimal places, eg. 125. If the net present value is negative, use either a negative sign preceding the number eg-45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided) Project EdgeProject Clayton Project Bono Net present value (6323)$ (7970)$ 2357 eTextbook and Media X Your answer is incorrect. Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, eg. 10.50%) Project Edge Project Bono Project Clayton Annual rate of return 8.75 | 96 8.23 | % 9.60 | 96