Wildhorse 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 $176,000 Project Edge Project Clayton $191,000 $214,000 Capital investment Annual net income: Year 1 15.260 19.620 29.430 2 15,260 18.530 25.070 3 15,260 17,440 22,890 4 15,260 13,080 14,170 5 15,260 9,810 13,080 $104,640 Total $76,300 $78,480 Depreciation is computed by the straight line method with no salvage value. The company's cost of capitalis 15% (Assume that cash flows occur evenly throughout the year) Compute the net present value for each project. (Round answers to decimal pieces, $ 125. If the net present value is negative, use either a negative siya preceding the number es + or parentheses es (45). For calculation purposes, une decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton Net present values eTextbook and Media Compute the annual rate of return for each project. Mint Une werage annual net income in your computation) (Round answers to 2 decimal places, s. 10.50%) Project Dono Project Edge Project Clayton Annual rate of retum eTextbook and Media Rank the projects on each of the foregoing bases which project do you recommend? Project Cash Payback Net Annual Present Value Rate of Return Bone Edge . Clayton The best project is