Sly, a plastics processor, is considering the purchase of a high-speed extruder as one option. The new extruder would cost $52,000 and would have a residual value of $5,000 at the end of its 8-year life. The annual operating expenses of the new extruder would be $8,000. The other option that Sly has is to rebuild its existing extruder. The rebuilding would require an investment of $50,000 and would extend the life of the existing extruder by 8 years. The existing extruder has annual operating costs of $14,000 per year and does not have a residual value. Sly's discount rate is 16%. Using net present value analysis, which option is the better option and by how much? Present Value of $1 Periods 6 8 10 12 12% 0.507 0.404 0.322 0.257 14% 0.456 0.351 0.270 0.208 16% 0.410 0.305 0.227 0.168 Present Value of Annuity of $1 Periods 12% 1 111 14% oon 16% ROS O A. Better by $25,589 to purchase new extruder O B. Better by $24,064 to purchase new extruder O C. Better by $25,589 to rebuild existing extruder OD. Better by $24,064 to rebuild existing extruder