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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 Edge Project Clayton Project Bono Capital investment $169,600 $185,500 $214,000 Annual net income: Year 1 14,840 19,080 28,620 14,840 18,020 24,380 14,840 16,960 22,260 14,840 12,720 13,780 14,840 9,540 12,720 $74,200 $76,320 $101,760 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 P table. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono years Project Edge years Project Clayton years