Thornton Company is considering investing in two new vans that are expected to generate combined cash inflows of $$32,000$ per year. The vans' combined purchase price is $$91,000.$ The expected life and salvage value of each are eight years and $$21,500,$ respectively. Thornton has an average cost of capital of $12$ percent. $($PV of $$1$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required

a$.$ 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.

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.

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.$ Net present value,$$93,780\mathrm{.}000$