16 Cost of equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four years $ 220,000 $ 81,000 $ 7,500 $ 10,500 11.76 points Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $ 370,000 $ 180,000 $ 82,000 eBook Print When the project concludes in four years the working capital will be released for investment elsewhere within the company. References Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables. Required: Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.) Net present value