(b) Compute the net present value for each project. (Round answers to O decimal places, e.g. 125. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton Net present value $ $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerIvanhoe Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 yea rs. Relevant data on each project are as follows. Project Bono Project Edge Project Clayton Capital investment $170,000 $188,000 $206,000 Annual net income: Year 1 14,980 19,260 28,890 2 14,980 18,190 24,610 3 14,980 17,120 22,470 4 14,980 12,840 13,910 5 14,980 9,630 12,840 Total $74,900 $77,040 $102,720 Depreciation is computed by the straightline method with no salvage value. The company's cost of capital is 15%. (Assume that cash ows occur evenly throughout the year.) Click here to view PV table