Tulsa Company is considering Investing in new bottling equipment and has two options: Option A has a lower Initial cost but would require a significant expenditure to rebuild the machine after four years: Option B has higher maintenance costs, but also has a higher salvage value at the end of its useful life. Tulsa's cost of capital is 11 percent. The following estimates of the cash flows were developed by Tulsa's controller: Initial investment Annual cash intlows Annual cash outflows Costs to rebuild Salvage value Estimated useful life Option A Option B $ 320, eee $ 454,000 150,eee 160,000 70, eee 75,eee 128, eee 0 24.ee 8 years 8 years Required: Calculate NPV. (Future Value of $1, Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your "Present Values" to the nearest whole dollar amount.) Option A Year Cash Flows Present Value PV factor 11% Initial Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value 0 1-8 4 8 Option B: Year Cash Flows Present Value PV factor 11% 1-8 Initial Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value 4 8 Determine which option Tulsa should select? O Option B Option A