D.S8,200 d Cove Enterprises is evaluating the purchase of an elaborate hydraulic lift system for all of its locations to 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 Investment Useful life (years) B14 Model F54 Model $340,000 $240,000 10 10 Estimated annual net cash infowsfor usefte$60 000 $30.00 Residual value Depreciation method $60,000 $40,000 Straight-line Straight-line 12% $13,000 Required rate of relurm 12% What is the net present value of the B14 Model? A$11,880 positive B.$351,880 positive C.$66,314 negative D.$13,880 negative Present Value of $1 Periods 0% 0.630 0.583 0.540 10% 0.564 0.513 0.467 0.424 0.386 12%- 10% 0.410 14% 0.507 0.452 0.404 0.361 0.322 0.456 0.400 0.351 0.308 0.270 0.354 0.305 0.263 0.463 0.227 Present Value of Annuity of $1 Periods 10% 4.355 4.868 5.335 5.759 6.145 12% 14% 3.889 16% 8% 4.623 5.206 5.747 6.247 6.710 3.685 4.039 4.344 4.564 4.968 5.328 5.650 4.288 4.639 4.946 5.216 4.607 4.833 10