Net Present Value Analysis Hermson Company must evaluate two capital expenditure proposals. Hermson's hurdle rate is 12%. Data for the two proposals follow. Required investment Annual after tax cash inflows Proposal Proposal x $70,000 $70,000 16.500 After-tax cash inflows at the end of years 369 and 12 Life of project 49.500 12 years 12 years 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 valus Net present value Proposal X Proposal Y initial outflown PV of future cash flows Net present value $ Which proposal is more attractive?