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Project Bono Project Edge Project Clayton $171,200 $187.250 $206,000 Capital investment 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 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) Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, es 10.50) Project Bono 3.48 years Project Edge 3.40 years Project Clayton 3.12 years eTextbook and Media Attempts: 1 of 3 used (b) (b) * Your answer is incorrect. Compute the net present value for each project. (Round answers to decimal places, eg. 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 6205 $ 191163 28956 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer in