Cleveland Cove 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. Financial data about the two choices follows. F54 Model $250,000 6 Investment Useful life (years) Estimated annual net cash inflows for useful life Residual value Depreciation method Required rate of return B14 Model $290,000 6 $90,000 $10,000 Straight line 14% $29,000 $16,000 Straight-line 8% What is the net present value of the B14 Model? B (Click the icon to view the present value of $1 table.) Data Table O A. $55,450 negative O B. $105,853 negative OC. $354,570 positive OD. $64,570 positive Present Value of $1 Periods 6 10% 8% 0.630 0.583 0.540 0.500 12% 0.507 0.452 0.404 0.361 0.322 0.564 0.513 0.467 0.424 0.386 14% 0.456 0.400 0.351 0.308 0.270 16% 0.410 0.354 0.305 0.263 0.227 8 9 10 0.463 Print Done