Byer, a plastics processor, is considering the purchase of a high-speed extruder as one option. The new extruder would cost $48,000 and would have a residual value of $8,000 at the end of its 8-year life. The annual operating expenses of the new extruder would be $4,000. The other option that Byer has is to rebuild its existing extruder. The rebuilding would require an investment of $30,000 and would extend the life of the existing extruder by 8 years. The existing extruder has annual operating costs of $11,000 per year and does not have a residual value. Byer's discount rate is 16%. Using net present value analysis, which option is the better option and by how much? E Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) O A. Better by $12,408 to rebuild existing extruder O B. Better by $14,848 to purchase new extruder O C. Better by $14,848 to rebuild existing extruder OD. Better by $12,408 to purchase new extruder X Click i Data Table BI 14% Present Value of $1 Periods 12% 16% 0.507 0.456 0.410 8 0.4040 .3510 .305 100 .322 0.2700 .227 12 0 .257 0.208 0.168 Print Done Data Table mm Present Value of Annuity of $1 Periods 12% 6 4.111 8 4.968 105 .650 12 14% 3.889 4.639 5.216 5.660 16% 3.685 4.344 4.833 5.197 6.194 Print Done