Nylan Manufacturing Is Considering Two Alternative Investment Proposals with the Following

Nylan Manufacturing is considering two alternative investment proposals with the following details:
$\begin{array}{|l|c|c|}\hline & \text { Proposal X } & \text { Proposal Y } \\\hline \text { Investment } & \$ 724,000 & \$ 512,000 \\\hline \text { Useful life } & 5 \text { years } & 4 \text { year: } \\\hline\text { Estimated annual net cash inflows } & \$ 164,000 & \$ 92,000 \\\hline \text { Residual value } & \$ 66,000 &\$0 \\\hline \text { Depreciation method } & \text { Straight-line } & \text { Straight-line } \\\hline \text { Discount rate } & 10 \% & 9 \%\\\hline\end{array}$

What is the total present value of future cash inflows from Proposal Y?
Present value of annuity of $1:
$$\begin{array} { | r | r | r | r | } \hline & { 8 \% } & { 9 \% } & { 10 \% } \\\hline 1 & 0.926 & 0.917 & 0.909 \\\hline 2 & 1.783 & 1.759 & 1.736 \\\hline 3 & 2.577 & 2.531 & 2.487 \\\hline 4 & 3.312 & 3.24 & 3.17 \\\hline 5 & 3.993 & 3.89 & 3.791 \\\hline 6 & 4.623 & 4.486 & 4.35 \\\hline\end{array}$$

A) $298,080
B) $296,960
C) $273,152
D) $256,000