Walton Company is considering investing in two new vans that are expected to generate combined cash inflows of $$26,500$ per year. The vans' combined purchase price is $$93,000.$ The expected life and salvage value of each are seven years and $$21,000,$ respectively. Walton has an average cost of capital of $10$ percent. $($PV of $$1$ and PVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required

a$.$ Calculate the net present 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.$)$

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.

$\backslash$table$[[$a$.,$Net present value,$],[$b$.,$Will the return be above or below the cost of capital?,$],[,$Should the investment opportunity be accepted?,$]]$