View Policies Current Attempt in Progress The Three Stages partnership is considering three long-term capital investment proposals. Each investment has a useful life of five years. Relevant data on each project are as follows: Project Duo Project Main $174,000 Project Odyssey $185,600 $216,000 Capital investment: Annual net income: Year 1 2 3 $15.080 15.080 15,080 15.080 15,080 $75,400 $20,880 19.720 18,560 13,920 10,440 $83,520 $31,320 25,520 24,360 15.080 13.920 $ 110,200 4 5 Total Depreciation is calculated by the straight-line method and there is no salvage value. The company's cost of capital is 15%. (Use average net annual cash flows in your calculations.) Calculate the cash payback period for each project. (Round answers to 2 decimal places, eg: 15.25.) Payback period Project Main years (b) Calculate the net present value for each project. (If the answer is negative, use either a negative sign preceding the number eg.-5,275 or parentheses e.g. (5,275). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.) Click here to view PV table. Net present value Project Main $ Project Odyssey $ Project Duo $ Save for Later Attempts: 0 of 1 used Submit