Sandhill Company is considering three long-term capital investment proposals. Each investment has a useful life...
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Sandhill 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. 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, e.g. 10.50.) \begin{tabular}{l|l|l} \hline Project Bono & years \\ \hline Project Edge & years \\ \hline ProjectClayton & years \end{tabular}
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