Callaghan Company is considering investing in two new vans that are expected to generate combined cash inflows of $33, 500 per year. The vans' combined purchase price is $94, 500. The expected life and salvage value of each are seven years and $20, 700, respectively. Callaghan has an average cost of capital of 12 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required Calculate the net present value of the investment opportunity. (Negative amount should be indicated by a minus sign. Round intermediate calculations and final answer to 2 decimal places.) Net present value ___ 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. Rejected Accepted