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 Options Initial investment 5 320,000 $ 454,000 Annual cash inflows 150,000 160,000 Annual cash outflows 70,000 75,000 Costs to rebuild 120.000 Salvage value 24,000 Estimated useful life 8 years 8 years Required: Calculate NPV. (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity 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.) Answer is not complete. Option A Year Cash Flows Present Value PV factor 11% 0 1-6 4 (320,000) 771.915 $ Initial Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value 5.1461S (320,000) 150,000 (70,000) (120,000) 8 0.6587 S 12.644 Option : Year Cash Flows Present Value PV factor 11% 0 1-8 Initial Investment Annum Cash Flows Cost to Rebuild Salvage Net Present Value 4 B