Baird Company is considering investing in two new vans that are expected to generate combined cash inflows of $28,500 per year. The vans combined purchase price is $91,500. The expected life and salvage value of each are five years and $20,700, respectively. Baird has an average cost of capital of 12 percent.

(PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) SS BELOW

a. Calculate the net present value of the investment opportunity.