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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

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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. Depreciation is computed by the straight-line method with no salvage value. The compary's cost of capitai 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) eTextbook and Media Compute the net present value for each project. (Round answers to 0 decimal ploces, e.g. 12.5. If the net present value is negative use either a negative sign preceding the number eg -45 or parentheses es (45). For colculation purposes, use 5 decimal places as displayed in the factor table provided.) Compute the annual rate of return for each project. (Hint Use average annual net income in your computation) (Round onswers to 2 decimal ploces, es. 10.50\%. Rank the projects on each of the foregoing bases, Which project do you recommend

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