I need to know THE npv FOR OPTION B

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. Tulsas cost of capital is 11 percent. The following estimates of the cash flows were developed by Tulsas controller:

	Option A			Option B
Initial investment	$	320,000		$	454,000
Annual cash inflows		150,000			160,000
Annual cash outflows		70,000			75,000
Costs to rebuild		120,000			0
Salvage value		0			24,000
Estimated useful life		8	years		8	years

Required: Calculate NPV. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, 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.)

Option A:
	Year	Cash Flows	PV factor	Present Value
			11%
Initial Investment	0	(320,000)		(320,000)
Annual Cash Flows	1-8	$80,000	5.1461	$411,688
Cost to Rebuild	4	120,000	0.6587	(79,044)
Salvage	8	0	0.4339	0
Net Present Value				$12,644
Option B:
	Year	Cash Flows	PV factor	Present Value
			11%
Initial Investment	0	(454,000)		(454,000)
Annual Cash Flows	1-8	$85,000	5.1461	$437,495
Cost to Rebuild	4	0		0
Salvage	8	24,000	0.4339	10,416
Net Present Value				$(26,505)

Option A:
	Year	Cash Flows	PV factor	Present Value
			11%
Initial Investment	0	(320,000)		(320,000)
Annual Cash Flows	1-8	$80,000	5.1461	$411,688
Cost to Rebuild	4	120,000	0.6587	(79,044)
Salvage	8	0	0.4339	0
Net Present Value				$12,644
Option B:
	Year	Cash Flows	PV factor	Present Value
			11%
Initial Investment	0	(454,000)		(454,000)
Annual Cash Flows	1-8	$85,000	5.1461	$437,495
Cost to Rebuild	4	0		0
Salvage	8	24,000	0.4339	10,416
Net Present Value				$(26,505)