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 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 Option Initial investment $ 320,000 $ 454,000 Annual cash inflows 150,000 160,000 Annual cash outflows 70,000 75,000 Costs to rebuild 120,000 0 Salvage value 24,000 Estimated useful life 8 years 8 years Required: Calculate NPV (Euture Value of $1. Present Value of St. Future Value Annuity of $1. Present Value Annulty 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.) Option A Year Cash Flows Present Value PV factor 11% 0 Inital Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value 4 8 factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your "Prese nearest whole dollar amount.) Option A Year Cash Flows Present Value PV factor 11% sk 0 1-8 ht Initial Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value 4 nces 8 Option : Year Cash Flows Present Value PV factor 11% Initial Investment 0 1-8 Annual Cash Flows Cost to Rebuild Salvage Net Present Value 4