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Tulsa Company is considering investing in new bottilng equipment and has two options: Option A has a lower initiai cost but would require a significant

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Tulsa Company is considering investing in new bottilng equipment and has two options: Option A has a lower initiai cost but would require a significant expenditure to rebuild the machine after four years: Option B has higher maintenance costs, but also has a highe 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 develope by Tulsa's controller: Required: Calculate NPV. (Euture Value of \$1. Present Value of S1. Euture Value Annuify of 51. 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.) Required: Calculate NPV. (Eiture Value of S1. Present Volue of \$1, Future Value Annulby of \$1. Present Value Annuty of S1.) (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.)

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