Net Present Value Analysis Anderson Company must evaluate two capital expenditure proposals. Anderson's hurdle rate is 12%. Data for the two proposals follow. Required investment Annual after-tax cash inflows After-tax cash inflows at the end of years 3, 6, 9, and 12 Life of project Proposal X Proposal Y $300,000 $300,000 60,000 180,000 12 years 12 years Using net present value analysis, which proposal is the more attractive? Do not use negative signs with your answers. Round PV answers to the nearest whole number. Use rounded answers for subsequent calculation of net present value. Proposal X Proposal Y $ Net present value Initial outflows PV of future cash flows Net present value 300,000 $ 371,658 X 71,658 * $ 300,000 330,390 X 30,390 X $ Which proposal is more attractive? Proposal X