Unequal lives-ANPV approach JBL Co. has designed a new conveyor system. Management must choose among three alternative courses of action: (1) The firm can sell the design outright to another corporation with payment over 2 years. (2) It can license the design to another manufacturer for a period of 5 years, its likely product life. (3) It can manufacture and market the system itself, this alternative will result in 6 years of cash inflows. The company has a cost of capital of 11.2%. Cash flows associated with each alternative are as shown in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Alternative Sell Manufacture License $200,500 Initial investment (CFO) $200,800 $450,500 Year (t) Cash inflows (CF) 1 $199,700 $250,900 $199,800 2 250,700 100,300 260,000 3 79,800 199,800 ARMAA HILD a. The net present value for the option to sell is $. (Round to the nearest cent.)