(Present value tables are needed.) 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.

14 of 20 (1 complete) (Present value tables are needed.) Cleveland Cove Enterprises is evaluating the purchase of an elaborate hydraulic lift sys brought in for repair The company has narrowed their choices down to two the B14 Model and the F54 Model Financial o B14 Model F54 Model Investment 320,000 240,000 Useful life years) Estimated annual net cash infows for useful life 70,000 35,000 Residual value 0 0 Depreciation method Straight line Straight line Required rate of return 10% The internal Rate of Return (IRR) of the F54 Model is the closest to? Based on IRR which model would you choose? O A. 2% and choose B14 O B. 14.6% and choose F54 O C. 3% and choose B14 O D. 10% and choose F54