Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's 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 year two $ 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.

Question:

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