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 $ 320,000 150.000 70,000 120,000 Option $454,000 160,000 75,000 Initial investment Annual caso inflows Annual cash outflows Costs to rebuild Salvate value Estimated vseful H 3 years 24,000 1 years Required: Calculate NPV. (Euture Value of $1. Present Value of $1 Future Value Annully 1. Present Value Annulty 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 Euture Value of $1. Present Value of $1. Future Value Annuity of $1. Present Valve 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.) Opton A Year Cash Flows PV factor Present Value 0 18 4 $ Initial Investment Annual Cash Flows Cost to Rebuild Salvage Net Present Value $ (320,000) 80,000 (120.000) O 49676 0 6587 * * * (320.000 397408 (79.004) 0 (1636) 8 04330 $ Opbon B Year Cash Flows Present Value PV factor 115 0 18 (454 000) 85.000 s Initial Investment Armunt Cash Flows Cost to Rebuild Salvage Net Present Value 4 8 000 406765 05587 024339 (454000) 422 246 00 10,414 (21 340) . 24 000