Norton Manufacturing is considering the following two investment proposals: Proposal X Proposal Y Investment $732,000 $500,000 Useful life 5 years 4 years Estimated annual net cash inflows received at the end of each year $152,000 $108,000 Residual value $60,000 $0 Depreciation method Straight-line Straight-line Annual discount rate 10% 9% Compute the present value of the future cash inflows from Proposal Y. Present value of an ordinary annuity of $1: 8% 9% 10% 0.926 0.917 0.909 2 1.783 1.759 1.736 W 2.577 2.531 2487 4 3.312 3.240 3.170 5 3.993 3.809 3.791 6 4.623 4.486 4.355 O $250,000 O $290,000 O $266,750 O $349,920