Problem 24-1A (Part Level Submission) 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 $172,800 Project Edge $189,000 Project Clayton Capital investment Annual net income: Year 1 $214,000 15,120 15,120 15,120 15,120 15,120 $75,600 19,440 18,360 17,280 12,960 9,720 $77,760 29,160 24,840 22,680 14,040 12,960 $103,680 Total 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 Your answer is correct. Compute the cash paybeck period for each project. (Round answers to 2 decimal places, e-g. 10.50.) Project Bono Project Edge 3.48 years 3.40l years Attempts: 1 of 4 used each project. (Round answers to o decimal places, .g. 125. r the net present value is negative, use either a negative sign preceding the number Project Bono Project Edge Project Clayton Net present value Click if you would like to Show Work for this question: QShWork Attempts:o of 4 used SAVE FOR L4