Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The companys discount rate is 16%. After careful study, Oakmont estimated the following costs and revenues for the new product:

Cost of equipment needed		$	250,000
Working capital needed		$	82,000
Overhaul of the equipment in two years		$	8,000
Salvage value of the equipment in four years		$	11,000
Annual revenues and costs:
Sales revenues		$	380,000
Variable expenses		$	185,000
Fixed out-of-pocket operating costs		$	83,000

When the project concludes in four years the working capital will be released for investment elsewhere within the company.

Required:

Calculate the net present value of this investment opportunity. (Round to the nearest dollar.)