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 $ 170,000

Working capital needed $ 68,000

Overhaul of the equipment in two years $ 12,000

Salvage value of the equipment in four years $ 16,000

Annual revenues and costs: Sales revenues $ 330,000

Variable expenses $ 160,000

Fixed out-of-pocket operating costs $ 78,000

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

Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.)