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 $171,200 Project Edge $187,250 Project Clayton $206,000 Capital investment Annual net income: Year 1 2 3 14,980 14,980 14,980 14,980 14,980 $ 74,900 19,260 18,190 17,120 12,840 9,630 $77,040 28,890 24,610 22,470 13,910 12,840 $102,720 4 5 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.) Click here to view PV table. (a) Compute the cash payback period for each riant Dauid newers to 2 decimal places, e.g. 10.50.) Collapse question part Project Bono years Project Edge years Project Clayton years Click if you would like to Show Work for this question: Open Show Work