Rocco Manufacturing is considering following two investment proposals: Proposal X Proposal Y Investment $740,000 $508,000 Useful life 5 years 4 years Estimated annual net cash inflows received at the end of each year $154.000 S92.000 Residual value $66,000 SO Depreciation method Straight-line Straight-line Annual discount rate 1095 99 Compute the present value of the future cash inflows from Proposal X Present value of an ordinary annuity of $1: 8% 9% 10% 0.926 0.917 0.909 N 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.240 3.170 3 2.577 2.531 2.487 4 3.312 3.240 3.170 5 3.993 3.890 3.791 6 4.623 4.486 4.355 Present value of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 0.857 0.842 0.826 3 0.794 0.772 0.751 0.735 0.70B 0.683 5 0.681 0.650 0.621 6 0.630 0.596 0.564 O $762,136 $583,814 O $668,128 O $624,800