Current Attempt in Progress 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 Project Bono Project Edge Project Clayton Capital investment $164,800 $180,250 $204,000 Annual net income. Year 1 14,420 18,540 27,810 14,420 17,510 23,690 14,420 16,480 21.630 14,420 12,360 13,390 14,420 9,270 12,360 Total $72.100 $74,160 $98,880 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15% (Assume that cash flows occur evenly throughout the year.) Click here to view the factor table. (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50) Project Bono Project Edge Project Clayton eTextbook and Media years years years