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. B14 Model F54 Model Investment $340,000 $240,000 Useful life (years) 10 10 Estimated annual net cash inflows for useful life $60.000 $30.000 Residual value $40,000 $13,000 Depreciation method Straight-line Straight line Required rate of return 12% 12% What is the net present value of the B14 Model? Data Table x (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. $13,880 negative B. $351,880 positive OC. $11,880 positive - X Data Table OD. $66,314 negative Present Value of Annuity of $1 Periods 8% 6 4.623 7 5.206 8 5.747 9 6.247 10 6.710 10% 4.355 4.868 5.335 5.759 6.145 12% 4.111 4.564 4.968 5.328 5.650 14% 3.889 4.288 4.639 4.946 5.216 16% 3.685 4.039 4.344 4.607 4.833 Present Value of $1 Periods 6 Print Done 7 8% 0.630 0.583 0.540 0.500 0.463 10% 0.564 0.513 0.467 0.424 0.386 12% 0.507 0.452 0.404 0.361 0.322 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 Print Done Click to select your