Smith Manufacturing is considering the following investment proposal: Investment Useful life at the end of each Estimated annual net cash inflows received year Residual value Depreciation method Annual discount rate Proposal A $670,000 6 years $99,000 $0 Straight-line 8% Compute the present value of the future cash inflows from Proposal Y Present value of an ordinary annuity of $1: 8% 9% 10% 123456 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2.531 2.487 3.312 3.240 3.170 3.993 3.890 3.791 4.623 4.486 4.355 e 20 Present value of $1: 8% 9% 10% 123456 0.926 0.917 0.909 0.857 0.842 0.826 0.794 0.772 0.751 0.735 0.708 0.683 0.681 0.650 0.621 0.630 0.596 0.564 A. $457,677 OB. $444,114 OC. $385,110 OD. $395,307 4