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Benson Company is considering investing in two new vans that are expected to generate combined cash inflows of $ 3 0 , 0 0 0

Benson Company is considering investing in two new vans that are expected to generate combined cash inflows of $30,000 per year. The vans' combined purchase price is $98,000. The expected life and salvage value of each are eight years and $20,500, respectively. Benson has an average cost of capital of 14 percent. (PV of $1 and PVA of $1) Note: Use appropriate factor(s) from the tables provided.
Required
a. Calculate the net present value of the investment opportunity.
Note: Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places.
b. Indicate whether the investment opportunity is expected to earn a return that is above or below the cost of capital and whether it should be accepted.
\table[[a. Net present value,],[b. Will the return be above or below the cost of capital?,Above],[b. Should the investment opportunity be accepted?,Accepted]] Answer of 48352.25 is INCORRECT. Ive already tried that answer and its not right
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