Morgan Meats is trying to decide which of two walk-in coolers to purchase. Data related to both machines are provided below.

Morgan estimates that the Arctic's NPV is $11,372, while the Polar's NPV is $2,335. Assuming Morgan is using a 9% discount rate and neither cooler will have any salvage value at the end of its useful life, then which of the following statements is accurate?

• A
• :
• The Arctic has an estimated lifespan of 4 years, while the Polar has an estimated lifespan of 6 years.
• B
• :
• The Arctic has an estimated lifespan of 5 years, while the Polar has an estimated lifespan of 3 years.
• C
• :
• The Arctic has an estimated lifespan of 6 years, while the Polar has an estimated lifespan of 4 years.
• D
• :
• The Arctic has an estimated lifespan of 3 years, while the Polar has an estimated lifespan of 5 years.