Norton Manufacturing is considering two alte mative investment proposals with the following details: Investment Useful...
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Norton Manufacturing is considering two alte mative investment proposals with the following details: Investment Useful life Estimated annual net cash inflows Residual value Depreciation method Discount rate Proposal X $720,000 5 vears $150,000 $50,000 Straight-line 10% Proposal Y $500,000 4 vears $90,000 $0 Straight-line 9% What is the total present value of future cash inflows from Proposal Y? A. $274,018 B. $291,600 C. $254,000 D. $294,640
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