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 Option A $ 320,eee 150,000 70,000 120,000 Option B $ 454,800 160,000 75,000 Initial investment Annual cash inflows Annual cash out flows Costs to rebuild Salvage value Estimated useful life 24,000 8 years 8 years Option A $ 320, see 15e, Bee 70,000 120,000 Option B $ 454,800 160, eee 75,800 Initial investment Annual cash inflows Annual cash out flows Costs to rebuild Salvage value Estimated useful life 24, Bee 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 : Year Cash Flows Present Value PV factor 11% 0 1-8 4 Initial Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value 8 Option B: Year Cash Flows Present Value PV factor 11% 0 Initial Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value 1-8 4 8