business packages between New York and Chicago. It operates a fleet of small vans to and from a central depot within each city and uses a common carrier to deliver the packages between the depots in the two cities. Baird Delivery recently acquired approximately $5.7 million of cash capital from its owners, and its president, George Hay, is trying to identify the most profitable way to invest these funds Todd Payne, the company's operations manager, believes that the money should be used to expand the fleet of city vans at a cost of ally, he expects cash inflows to increase by $310,000 per year. The additional vans are expected to have 8,000 Operating the vans wil require additional working capital of $46,000, which will be recovered at the end of the fourth year In contrast, Oscar Vance, the company's chief accountant, believes that the funds should be used to purchase large trucks to deliver savings and reduce cash outflows as follows s between the depots in the two cities. The conversion process would produce continuing improvement in operating $152,000 $316,000 $403,000 446,000 The large trucks are expected to cost $820,000 and to have a four-year useful life and a $89,000 salvage value. In addition to the the net indicated by a minus sign. Round your intermediate calculations and final answers to 2 decimal places.)