Puddle Enterprises is evaluating the purchase of an elaborate hydraulic lift system for all of its locations to use for

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Puddle Enterprises is evaluating the purchase of an elaboratehydraulic lift system for all of its locations to use for the boatsbrought in for repair. The company has narrowed their choices downto​ two: the B14 Model and the F54 Model. Financial data about thetwo choices follows. B14 Model F54 Model Investment Useful life​(years) Estimated annual net cash inflows for useful life Residualvalue Depreciation method Straightline Straightline Required rateof return ​% ​% Using the net present value​ model, whichalternative should the company​ select?
Present Value of​ $1 Periods ​8% ​10% ​12% ​14% ​16% 6 0.6300.564 0.507 0.456 0.410 7 0.583 0.513 0.452 0.400 0.354 8 0.5400.467 0.404 0.351 0.305 9 0.500 0.424 0.361 0.308 0.263 10 0.4630.386 0.322 0.270 0.227 Present Value of Annuity of​ $1 Periods ​8%​10% ​12% ​14% ​16% 6 4.623 4.355 4.111 3.889 3.685 7 5.206 4.8684.564 4.288 4.039 8 5.747 5.335 4.968 4.639 4.344 9 6.247 5.7595.328 4.946 4.607 10 6.710 6.145 5.650 5.216 4.833