Henkel 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 Kilo Project Lima Project Oscar Capital Investment $159,650 $169,950 $212,550 Annual Net Income: Year 1 13,390 18,025 28,325 2 13,390 16,995 23,175 3 13,390 15,965 22,145 4 13,390 11,845 13,905 5 13,390 8,755 12,875 Total $66,950 $71,585 $100,425 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.) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.)