Initial capital investment Estimated useful life Estimated terminal salvage value Estimated annual savings in cash Case X Case Y $180,000 $120,000 3 yrs. -0- 3 yrs. -0- operating costs $ 50,000 $ 80,000 Minimum desired rate of return 10 percent 12 percent PV of $1 (3 years) PV of an Annuity of $1 (3 years) 8 percent 0.7938 2.5771 10 percent 0.7513 2.4869 12 percent 0.7118 2.4018 14 percent 0.6750 2.3216 16 percent 0.6407 2.2459 Assume straight-line amortization in all computations, and ignore income taxes. The net present value in case X is