U3Company is considering three long-term capital investmebtproposals. Each investment has a useful life of 5 years. Relevantdata on each project are as follows.Depreciation is computed by the str Compute the cash payback period for each project. (Round answers to 2 decimal places, e.9. 10.50.) Project Bono Project Edge Project Clayton years years yearsCompute the net present value for each p 2 answers