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Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 17%. After careful study,

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Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 17%. After careful study, Oakmont estimated the following costs and revenues for the new product: Cost of equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four year $ 155,000 $ 65,000 $ 9,000 $ 14,500 Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operati $ 300,000 $ 145,000 $ 75,000 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 13B-2, to determine the appropriate discount factor(s) using tables. S Required: Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.) o rtunity. (Round your Net present value

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