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 $310,000 $250,000 Useful life (years) Estimated annual net cash inflows for useful life $80,000 $30,000 Residual value $50,000 $5,000 Depreciation method Straight-line Straight-line Required rate of return 16% 12% What is the net present value of the B14 Model? 3: (Click the icon to view the present value of $1 table.) O A. $52,770 positive O B. $22,270 negative O c. $98,940 negative OD. $362,770 positive Click to select your answer. A Data Table Present Value of $1 Periods 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 Print Done