(Present Value Tables Are Needed -What Is the Net Present Value of the F54 Model

(Present value tables are needed.) Miami Marine Enterprises is evaluating the purchase of an elaborate hydraulic lift system for all of its locations to use for the boats brought in for repair.The company has narrowed their choices down to two: the B14 Model and the F54 Model.Financial data about the two choices follows. $\begin{array}{|l|c|c|}\hline& \text { B14 Model } & \text { F54 Model } \\\hline \text { Investment } & \$320,000 & \$ 240,000 \\\hline \text { Useful life (years) } & 8 & 8 \\\hline \text { Estimated annual net cash inflows for useful life } &\$ 75,000 & \$ 40,000 \\\hline \text { Residual value } & \$30,000 & \$ 10,000 \\\hline \text { Depreciation method } & \text { Straight-line } & \text { Straight-line } \\\hline \text { Required rate of return } & 14 \% & 10 \% \\\hline\end{array}$
-What is the net present value of the F54 Model?

A) $21,930 negative
B) $38,455 positive
C) $178,070 positive
D) $218,070 positive