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 dale about the two choices follows. B14 Model F54 Model Investment $350,000 $240,000 Useful life (years) Estimated annual net cash inflows for useful life $80,000 $30,000 Residual value $10,000 $6,000 Depreciation method Straight-line Straight-line Required rate of return 12% 12% What is the net present value of the B14 Model? (Click the icon to view the present value of $1 table.) O A. $401,480 positive OB. $88,536 negative OC. $51,480 positive OD. $43,400 negative U method Straight-line Straight-line i Data Table Present Value of $1 Periods 6 7 8 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 CO + Print Done Data Table Present Value of Annuity of $1 Periods 8% 4.623 5 206 5.747 6.247 6.710 10% 4.355 4.868 5.335 5.759 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 6.145 Print Done