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Oakmont Company has an opportunity to manufacture and sell a new product for a fouryear period. The company's discount rate is 15%. After careful study,

image text in transcribed Oakmont Company has an opportunity to manufacture and sell a new product for a fouryear period. The company's discount rate is 15%. After careful study, Oakmont estimated the following costs and revenues for the new product: When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 7B-1 and to determine the appropriate discount factor(s) using tables. Required: Calculate the net present value of this investment opportunity. Note: Round your final answer to the nearest whole dollar amount

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