Callaghan Company is considering investing in two new vans that are expected to generate combined cash inflows of $28,000 per year. The vans' combined purchase price is $91,000. The expected life and salvage value of each are four years and $21,000, respectively. Callaghan has an average cost of capital of 7 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Calculate the net present value of the investment opportunity. (Round intermediate calculations and round your final answer to 2 decimal places.) Indicate whether the investment opportunity is expected to earn a return that is above or below the cost of capital. Above Below Based on your answer in Requirement b-1, should the investment opportunity be accepted. Accepted Rejected