Walton Company is considering investing in two new vans that are expected to generate combined cash inflows of $$28,000$ per year. The vans$$ combined purchase price is $$95,000.$ The expected life and salvage value of each are eight years and $$20,000,$ respectively. Walton has an average cost of capital of $16$ percent. $($PV of $$1$ and PVA of $$1)$

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

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.