Pitt Company is considering two alternative investments. The company requires a 12% return from its investments. Neither option has a salvage value.

Calculate the Net Present Value for each project and indicate which the Pitt Company should choose.

(Please make work clear to understand and it be able to copy and paste into my notes and I will thumbs up)

Thank you!

\begin{tabular}{lrr} & Project X & Project Y \\ Initial investment & $180,000 & $118,000 \\ Net cash flows anticipated: & & \\ Year 1 & 82,000 & 35,000 \\ Year 2 & 59,000 & 55,000 \\ Year 3 & 92,000 & 72,000 \\ Year 4 & 81,000 & 68,000 \\ Year 5 & 76,000 & 27,000 \\ \hline \end{tabular}