3 Problem 13-18 Net Present Value Analysis (LO13-2) 2.14 points Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 16%. After careful study, Oakmont estimated the following costs and revenues for the new product: eBook Cost of equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four years Print $ 170,000 $ 68,000 $ 12,000 $ 16,000 References Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $ 330,000 $ 160,000 $ 78,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 13B-1 and Exhibit 138-2, 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