Oakmont Company has an opportunity to manufacture and sell a new product for a four$-$year period. The company$$s discount rate is $16\%$ and it 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.

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ 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.