XYZ Corporation is evaluating two investment options, Investment X and Investment Y, with the following details:

• Investment X: Cost of Capital - 8%, Initial Investment - $400,000, Cash Inflow Year 1 - $100,000, Cash Inflow Year 2 - $120,000, Cash Inflow Year 3 - $140,000
• Investment Y: Cost of Capital - 9%, Initial Investment - $450,000, Cash Inflow Year 1 - $110,000, Cash Inflow Year 2 - $130,000, Cash Inflow Year 3 - $150,000 Perform a discounted cash flow analysis for Investment X and Investment Y. Calculate the net present value for each investment and recommend the preferable option.