Net Present Value Analysis Cooper Company must evaluate two capital expenditure proposals. Cooper's hurdle rate is 10%. Data for the two proposals follow. Proposal Proposal X Y Required investment Annual after-tax cash inflows $120,000 $120,000 24,000 After-tax cash inflows at the end of years 3, 6, 9, and 12 72,000 12 years 12 years Life of project Using net present value analysis, which proposal is the more attractive? Do not use negative signs with your answers. Round PV answers to the nearest whole number. Use rounded answers for subsequent calculation of net present value. Proposal X Proposal Y Net present value Initial outflows $ 120000 $ 120000 PV of future cash flows Net present value $ Which proposal is more attractive?