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Zachary Company is considering investing in two new vans that are expected to generate combined cash infows of $29.000 per yes The vans' combined purchase

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Zachary Company is considering investing in two new vans that are expected to generate combined cash infows of $29.000 per yes The vans' combined purchase price is $92,000. The expected life and salvage value of each are five years and $20300, respectively. Zachary has an average cost of capital of 12 percent. (PV of $1 and PVA of 51 ) (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. found 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 beiow the cost of captal and whether in should be accepted

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