Question: please show the work for the steps it took to get your answer also The Stenny and Homer partnership is considering three long-term capital investment

The Stenny and Homer partnership 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. Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 12%. (Assume cash flows occur evenly throughout the year.) Instructions (a) Compute the net present value for each project. (b) Compute the annual rate of return for each project. answers will not be graded)
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