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 X?
Present value of annuity of $1:
$\begin{array}{|r|r|r|r|} \hline& {8 \%} &{9 \%} &{10 \%} \\\hline 1 & 0.926 & \$ 0.92 & 0.909 \\\hline 2 & 1.783 & 1.759 & 1.736 \\\hline 3 & 2.577 & 2.531 & 2.487 \\\hline 4 & 3.312 & 3.24 & 3.17 \\\hline 5 & 3.993 & 3.89 & 3.791 \\\hline 6 & 4.623 & 4.486 & 4.359 \\\hline\end{array}$ Present value of $1:
$\begin{array}{|r|r|r|r|} \hline &{8 \%} &{9 \%} &{10 \%} \\\hline 1 & 0.926 & 0.917 & 0.909 \\\hline 2 & 0.857 & 0.847 & 0.826 \\\hline 3 & 0.794 & 0.772 & 0.751 \\\hline 4 & 0.735 & 0.708 & 0.683 \\\hline 5 & 0.681 & 0.69 & 0.621 \\\hline 6 & 0.63 & 0.596 & 0.564 \\\hline\end{array}$

A) $742,340
B) $650,070
C) $568,650
D) $599,700