Cleveland Cove Enterprises is evaluating the purchase of a lift system for all of its locations to use for boat repair. Information on the B14 Model, one of the options is listed below Investment $340,000 Useful life Estimated annual net cash inflows for s60,000 each of the ten years 10 years Residual value $40,000 Depreciation method Required rate of return Straight- line 12% Using the present value tables below, What is the net present value of the B14 Model? Present Value of $1: period-|100%|124149 467 404.351 424 .361.308 386 .322.270 Present Value of Annuity of $1: 8 10 10% | 12% | 14% 5.3354.9684.639 5.759 5.3284.946 10 6.1455.6505.216 $66,315 negative $351,088 positive