Question: help with part a. Cullumber Company is considering three long-term capital investment proposals. Each investment has a useful tife of 5 years. Relevant data on
help with part a.

Cullumber Company is considering three long-term capital investment proposals. Each investment has a useful tife of 5 years. Relevant data on each project are as follows. 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 PV table. Compute the cash payback period for each project. (Round onswers to 2 decimal places, e g. 10.50.) Project Bono years: Project Edge years Project Clayton years
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