Question: Please help, problem stated below U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data

Please help, problem stated below

Please help, problem stated below U3 Company is considering three long-term capitalinvestment proposals. Each investment has a useful life of 5 years. Relevant

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 $183,750 Capital investment $168,000 $210,000 Annual net income: Year 1 14,700 18,900 28,350 24,150 14,700 17,850 3 14,700 16,800 22,050 14,700 12,600 13,650 9,450 14,700 12,600 $73,500 $75,600 $100,800 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capitalis 15%. (Assume that cash flows occur evenly throughout the Click here to view PV table Your answer is incorrect. Try again 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

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