Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The companys discount rate is 18%. After careful study, Oakmont estimated the following costs and revenues for the new product: Cost of equipment needed $ 265,000 Working capital needed $ 88,000 Overhaul of the equipment in year two $ 8,000 Salvage value of the equipment in four years $ 14,000 Annual revenues and costs: Sales revenues $ 440,000 Variable expenses $ 215,000 Fixed out-of-pocket operating costs $ 89,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 14B-1 and Exhibit 14B-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.)