III. Morton Company is contemplating three different equipment investments. The relevant data follows: Proposal X Proposal Y Proposal Z Cost $200,000 $300,000 $600,000 Annual savings of cash operating costs $40,000 $60,000 $115,000 Estimated useful life in years 8 8 8 Minimum desired rate of return 10% 10% 10% Required: (10 pts.) Using the Net Present Value analysis, select the best proposal and explain why you selected it. Indicate which table you used and show all computations. Present value interest factor of S1 per period at i% for n periods, PVIF(in). (TABLE #1) 4 DO COLL DEERE DEL BOND URRI TUT 91 NEREDE TE HER NUR Present value interest factor of an ordinary annuity of $1 per period at forn periods, PVIFA(n). (TABLE #2) Pad CUR HELLER 202 203 HEERLERLE TRIP PAT SEBAS LODGE CEL LEE ETC RETTE