Problem 25-01A (Part Level Submission) U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of years. Relevant data on each project are as follows. Project Bono Project Edge Project Clayton Capital investment $161,600 $176,750 $204,000 Annual net income: Year 1 14,140 18,180 27,270 14,140 17,170 23,230 14,140 16,160 21,210 14,140 12,120 13,130 14,140 9,090 12,120 Total $70,700 $72,720 596,960 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 the factor table. Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton (b) Compute the net present value for each project. (Round answers to o decimal places, e.g. 125. If the net present value is negative, se either a negative si preceding the number eg -45 parentheses eg (45). For calculation purposes, use S decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton Net present value