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2 Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate Is 18%. After careful

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2 Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate Is 18%. After careful study, Oakmont estimated the following costs and revenues for the new product: 5.5 Cost of equipment needed $ 220,908 points Working capital needed $ 81, 006 Overhaul of the equipment in two years $ 7,506 8 Salvage value of the equipment in four years $ 10, 508 01:25:15 Annual revenues and costs: Sales revenues $ 370,680 Variable expenses $ 180, 606 Fixed out-of-pocket operating costs $ 82, 060 eBook When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tables. Print Required: Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.) References Net present value

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