I. Neighborhood Communications is considering the purchase of a new cell phone antenna that will boost the power of cell phone signals in the area. The company's minimum rate of return is 16 percent. Management must decide between two models Model M costs $17,500 and will have an estimated residual value of $2,000 after five years. It is projected to produce cash inflows of $6,000, $5,500, $5,000, $4,500, and $4,000 during its five-year life. Model N costs $21,000 and will have an estimated residual value of $2,000 after five years. It is projected to produce cash inflows of $6,000 per year for five years. Use the NPV technique to decide what model to select. Note: Compute the present value of the residual amount at the end of the useful life, say Model M at Sth year, and include it as part of the PVCI