Campbell 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 $94,500. The expected life and salvage value of each are four years and $20,900, respectively. Campbell 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

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