Thornton Company is considering investing in two new vans that are expected to generate combined cash inflows of $32,500 per year. The vans' combined purchase price is $94,000. The expected life and salvage value of each are six years and $21,300, respectively. Thornton has an average cost of capital of 16 percent. (PV of $1andPVA of $1)(Use appropriate factor(s) from the tables provided.)

1. Calculate the netpresent value of the investment opportunity.(Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places.)
2. 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.

Here is a link to the table for this problem:

https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/edmonds_fmac_9e/pv_of_$1.jpg