I only need project Clayton on part b -

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 Bonn Project Edge Project Clayton Capital investment $171,200 $137,250 $206,000 Annual net income: Year 1 14,930 19,260 23,390 2 14,930 13,190 24,610 3 14,930 1?,120 22,470 4 14,930 12,340 13,910 5 14,930 9,630 12,340 Total $74,900 $77,040 $102,720 Depreciation is computed by the straight-line 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 the factor table. (a) " Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, 2.3. 10.50.} Project Bono 3.48 years Project Edge 3.4 1 yea rs Project Clayton 3.10 yea rs eTextbook and Media Attempts: 5 of 7 used Compute the net present value for each project. [Round answers to 0 decimal places, es. 125. if the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses e3 ['45]. Far calculation purposes, use 5 decimal places as displayed in the factor table provided.) Praiect Bono Project Edge Praiect Clayton Net present value $ 620668 $ $323.55 $ 2269.05 eTextbauk and Media