Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The companys discount rate is 18%. After careful study, Oakmont estimated the following costs and revenues for the new product:

Cost of equipment needed	$	270,000
Working capital needed	$	85,000
Overhaul of the equipment in year two	$	8,000
Salvage value of the equipment in four years	$	12,500
Annual revenues and costs:
Sales revenues	$	410,000
Variable expenses	$	200,000
Fixed out-of-pocket operating costs	$	86,000
Please provide step by step instructions

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

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables.

Required:

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