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: Initial investment Annual cash inflows Annual cash outflows Costs to rebuild Salvage value Estimated uneful lite Option Option 3 $ 320,000 $ 454,000 150,000 160,000 70,000 75,000 120,000 0 0 24,000 8 years 8 years 5 Required: Calculate NPV. (Future Value of $1. Present Value of $1. Future Value Annuity of 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.)