Question
Norton Manufacturing is considering the following two investment proposals: Proposal X Proposal Y Investment $ 724 comma 000 $ 506 comma 000 Useful life 5
Norton Manufacturing is considering the following two investment proposals: Proposal X Proposal Y Investment $ 724 comma 000 $ 506 comma 000 Useful life 5 years 4 years Estimated annual net cash inflows received at the end of each year $ 154 comma 000 $ 106 comma 000 Residual value $ 62 comma 000 $0 Depreciation method Straightminusline Straightminusline Annual discount rate 10% 9% Compute the present value of the future cash inflows from Proposal Y. (Round your answer to the nearest dollar.) A. $ 269 comma 951 B. $ 253 comma 000 C. $ 293 comma 480 D. $ 343 comma 440
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