Nylan Manufacturing Is Considering Two Alternative Investment Proposals with the Following

Nylan Manufacturing is considering two alternative investment proposals with the following details: $$\begin{array} { | l | r | r | } \hline & \text { Proposal X } & \text { Proposal Y } \\\hline \text { Investment } & \$ 720,000 & \$ 500,000 \\\hline \text { Useful life } & 5 \text { years } & 4 \text { years } \\\hline \text { Estimated annual net cash inflows } & \$ 150,000 & \$ 90,000 \\\hline \text { Residual value } & \$ 50,000 & \$ 0 \\\hline \text { Depreciation method } & \text { Straight-line } & \text { Straight-line } \\\hline \text { Discount rate } & 10 \% & 9 \% \\\hline\end{array}$$ What is the total present value of future cash inflows from Proposal Y?
Present value of annuity of $1:
$$\begin{array} { | r | r | r | r | } \hline & 8 \% & 9 \% & 10 \% \\\hline 1 & 0.926 & \$ 0.92 & 0.909 \\\hline 2 & 1.783 & 1.759 & 1.736 \\\hline 3 & 2.577 & 2.531 & 2.487 \\\hline 4 & 3.312 & 3.24 & 3.17 \\\hline 5 & 3.993 & 3.89 & 3.791 \\\hline 6 & 4.623 & 4.486 & 4.355 \\\hline\end{array}$$

A) $266,750
B) $291,600
C) $290,000
D) $250,000