Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 15%. After careful study, Oakmont estimated the following costs and revenues for the new product: Cost of equipment needed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $130,000 Working capital needed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60,000 Overhaul of the equipment in two years. . . . . . . . . . . . . . . . . . . . $8,000 Salvage value of the equipment in four years. . . . . . . . . . . . . . . . $12,000 Annual revenues and costs: Sales revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250,000 Variable expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $120,000 Fixed out-of-pocket operating costs. . . . . . . . . . . . . . . . . . . . . . $70,000 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.