Question 3 View Policies Current Attempt in Progress 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 Edge Project Clayton Project Bono $164,800 Capital Investment $180,250 $200,000 Annual net income: Year 1 14420 18,540 27,810 14,420 17,510 23,690 14,420 16,480 21,630 14,420 12,360 13,390 14,420 9.270 12,360 Total $72,100 $74.160 $98.380 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. 14420 12,360 13,390 14,420 9.270 12,360 Total $72,100 $74,160 $98,880 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. Compute the cash payback period for each project. (Round answers to 2 decimal places, s. 10.50 Project Bono years Project Edge years Project Clayton years