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 $171,200 Project Edge Project Clayton $208,000 $187,250 Capital investment Annual net income: Year 1 14,980 14,980 14,980 14,980 14,980 $74,900 19,260 18,190 17,120 12,840 9,630 $77,040 28,890 24,610 22,470 13,910 12,840 $102,720 by Study Total Assume that cash flows occur evenly throughout the year. Depreciation s computed by the straight-line method with no salvage value. The company's cost of capital is 15% Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.5o.) Project Bono Project Edge Project Clayton years VEDEO APPLIED VIDEO SIMELAR PROBLEM EXT LINK TO TE nt value for each project. (Round answers to 0 decimal places, e.g. 125. If the net present Project Bono s value is negative, use either a negative sign preceding the Compute the net presen -45 or parentheses eg (45 ). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Edge Project Clayton Net present value VIDEO, APPLIED SKILLS V?DEO STHELA