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Finch Company is considering investing in two new vans that are expected to generate combined cash inflows of $ 3 1 , 5 0 0

Finch Company is considering investing in two new vans that are expected to generate combined cash inflows of $31,500 per year. The vans combined purchase price is $98,000. The expected life and salvage value of each are seven years and $20,000, respectively. Finch has an average cost of capital of 10 percent. (PV of $1 and PVA of $1
Required
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.

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