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Franklin Company is considering investing in two new vans that are expected to generate combined cash inflows of $34,500 per year. The vans' combined purchase

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Franklin Company is considering investing in two new vans that are expected to generate combined cash inflows of $34,500 per year. The vans' combined purchase price is $97,000. The expected life and salvage value of each are six years and $21,400, respectively. Franklin has an average cost of capital of 14 percent. (PV of \$1 and PVA of S1) Note: Use appropriate factor(s) from the tables provided. Required o. Calculate the net present value of the investment opportunity. Note: Negative amount should be indicoted by a minus sign. Round your intermediate calculations ond final answer to 2 decimal places. b. Indicate whether the investment opportunity is expected to earn a return that is above or below the cost of capital and whether it should be accepted

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