19) (Present value tables are needed.) Miami Marine Enterprises is evaluating the purchase of an elaborate hydraulic lift system for all of its locations to use for the boats brought in for repair. The company has narrowed their choices down to two: the B14 Model and the F54 Model. The B14 model is considered to be riskier than the F54 model so the rate of return required for it is higher. Financial data about the twochoices follows. B14 Model F54 Model Investment 5; 320,000 $ 240,000 Useful life (years) Estimated annual net cash inows for useful life $ 75,000 $ 50,000 Residual value $ 30,000 $ 10,000 Required rate of return 14% 10% How does the net present value of the F54 model compare to the net present value of the B14 Model (pick the closest answer)? A) Bl4's is $87,035 higher than F54's B) F54's is 3,495 higher than Bl4's C) F54's is 53,495 higher than Bl4's D) Bl4's is $7,025 higher than F54's