Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 18%. After careful study, Oakmont estimated the following costs and revenues for the new product: Cost of equipment needed Working capital needed Overhaul of the equipment in year to Salvage value of the equipment in four years $ 160,000 $ 66,000 $ 11,000 $ 15,000 Annual revenues and costs Sales revenues Variable expenses Fixed out-of-pocket operating costs $ 310,000 $ 150,000 $ 75,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company Click here to view Exhibit 148 1 and Exhibit 1482. 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.) Not present Valle DOLLIT 148-1 Present Value of st SH 05 Periods 55 6% 89 9% 107 12 09 15 165 17 10% 194 20% 211 225 236 25% 1 0962 0952 0.963 0935 0.926 0.90 0.909 0.901 0993 0.35 0.877 0.870 0362 0855 0.347 0940 0831 0.826 0.820 0.80 0.806 0.800 2 0925 0907 0890 0873 0857 0.842 0826 0312 0797 0783 0789 0756 074 0731 07130706 0.694 0683 0672 0.661 0650 0640 3 0.889 0.364 0340 039 0794 0772 07510731 07120690 06750658 06410.624 0.609 0.50 0.579 0564 0.551 0.5370524 0512 4 0855 0.823 0792 0763 07350708 0680 0.659 0636 061 0.592 0.572 0.552 0534 0.5 0.499 042 04670451 0.437 042 0.410 5 0022 0784 0747 070 0601 0650 0621 0.593 0567 050 05190.497 0.476 0.456 0.437 0.419 0.002 0.386 0.370 0.355 0.341 0.328 6 0.790 0746 0705 0.656 0600 0598 0.564 0.505 0507 0.400 0.456 0432 0.410 0.990 0.370 0.352 0.375 0.319 0.303 0.289 0275 0.262 7 0.750 071 0665 0.623 0.580 0547 050 0482 0.452 0425 0.400 0.376 0.354 0.33 0.21 0295 0279 0263 0249 0235 0222 0210 8 0.731 06770627 052 0540 0.502 0.467 0.04 0.404 0376 0.351 0.327 0305 0.285 0.266 0249 020 0218 0.2040191 0179 OM 9 070306450592 0541 0.500 0.460 0.424 0.391 0.31 0.333 0.00 0204 0263 0243 0225 0.209 019401300167 0155 054 004 0676 06440558 0508 0453 0.422 0.336 0352 0322 0295 0.270 0247 0227 0208 0191 01760162 0900701260.110 0107 11 0650 0.585 0527 0.75 0.429 0.388 0.350 0.30 0287 0261 0237 0.2150195 0178 0162 08005 01730112 0103 0.091 0006 12 0625 0.55 0.497 044 0.397 0356 0.319 0200 0257 0231 0.208 0187 0.3600352 0037 0124 0112 0102 0092 000000760069 0.601 0530 0469 0.45 0.368 0326 0290 0.250 0229 0204 0182 0163 01450000116 0104 0.090 0084 0.075 0.068 0001 0055 0.577 0.505 04420388 0.340 0299 0.263 0.222 0.205 0101 0.160 01 0125 0111 0.099 008 0078 000 0062 0055 0009 0044 15 0.556 0.431 0.412 0.362 0.315 0.275 0239 0209 018001600360012301000095 0.064 007 0065 0057 0051 0.045 004 0035 0534 0458 0.394 0.309 0292 0252 02180188 030541 012301070093 008100710062 0054 000 0002 0.0360032 0.028 0.50 0.06 037 0.3170270 0231 018 0170 0106 0.125 0100 0093 0000 0000 0000 0052 0015 0009 0034 0.00000200023 0494 0.4160350 0.296 0.250 0.2120100 0150 0095 0001 0.009 005300510040033 00320028 0.024 0.021 00 19 0.475 0.396 0.331 0277 0232 01940.864 003 016 0.098 0083 000 0000 0051 000 0037 0.001 0.027 0.02 0.020 000 001 20 0.56 0.7 0.312 0256 025 0170 0149 01240104 0007 0073 0.001 0.051 000 0037 001 00250022 0.019 0.01 00H000 21 0409 0.359 0294 022 019 0164 015 010 0.090 0.077 0064 005 004 003 0021 0.0200022 009 00150000011 0000 22 0422 0.342 0278 0226 0154 01500123 0.003 0.008 0056 0 0000 0032 00250022 000 000 000 0009 0007 za 406 01260262 0.211 0133 0102 0.001 0.074 0000 0049 0.000 0.000 0.022 0.022 0.01 0015 0002 0.00 0.00 0.007 0.000 24 0.790 Ono 022 0197 0158 012608020082 0006 0053 0003 00350021 0023 0.019 0015 000 000 0000 000 000 0005 25 0.375 0295 0233 0984 016 0092 0.034 0050 001 0038 0.0300024 0.020 004 00000000000007 2006 2005 2004 25 0.351 020 0220 0172 005 0306 0084 0006 0050 0042 0033 0.026 0021 0010000110.008 0007 0006 0005 004 000 27 0.30 02000207 0961 0125 0090 0.076 0000 0000 0000 0029 0.023 0.01000W don 0000 0 007 0006 0.005 0004 0.000 0.009 22 030 0255 00156 08 0090 0.00 0.054 000 000 0026 0020 0.01600020010 0000 000 000 000 000 000 0002 29 0321 020 050541 0107 0012 0.000 0.04 0.007 0.029 0022 000 001001 0000 0000 000 000 0000 0002 00000000 30 0300021 0714001 0 099 0.07 0057 0.04 0.00028 0020 0015 0012 000 000 000 000 0000 0000 0002 000 000 30 0.20005 0.007 0067 004 00320022 0015 Qon 0.008 0.005 0.001 0000 0002 0.00100010001 0000 0000 0000 0000 0000 CO HO000 un VOLO 00 900 0170 OLEO SID BIBIT 148-2 Present Value of an Annuity of $1 in Arreart: 10% 15 1886 9.35 Periods 45 5% 6% 7% B% 9 11 12% 134 1% 16% 173 184 194 20% 21 22 23 1 25% 0.962 0.952 0943 0.935 0.926 205 0917 0.909 0.901 0993 0.385 0.877 0.870 0.862 0.855 0.847 0.840 0333 0826 0.820 0.80 0.806 0900 2 1859 1833 1808 1.783 1759 1736 173 1690 1668 1647 1626 1605158515661547 1528 15091492 1474 1457 1440 3 2775 2723 2673 2624 2577 2531 2487 2444 2402 2.361 2322 2283 2246 2210 2174 2.540 2.105 201 2042 2011 4 3630 3546 3.465 1981 1952 3.387 3312 3.2.40 3.170 3902 3037 2.974 294 2955 2798 270 2690 2639 2599 2540 2494 2448 2404 2362 5 4452 4329 4212 4100 3.993 3090 3791 3.696 3605 3.517 3.439 3.352 3274 3:1993.127 3058 2991 2.925 2864 2800 2745 2689 6 5.242 5076 4917 4757 4.623 4.490 4355 4231 4111 3.9903.8893784 3685 3589 3.498 3410 3.326 3245 3.167 3092 3020 2.951 7 6.002 5786 5.582 5389 5206 5033 4868 47124564 4423 4288 4160 4039 3922 3812 370638053508 3.416 3327 3.242 3161 8 6.733 6.463 6.210 5971 5747 5535 5335 5.146 4.000 47994639 4487 4344 4207 4078 3954 3.837 3726 3619 3.51 3.421 3329 9 7435 2308 6 802 6.555 6.247 5.995 5.759 5.537 5328 5032 494647724607 4451 4303 433 4031 3.905 3.786 36733.566 3.463 10 811 27227300 2024 6710 6.418 6545 5.399 5650 5.426 5.216 5.099 4833 4659 4494 43394192 40543923 3.799 3.682 3571 11 3.760 8.306 7887 7499 2139 6.805 6.495 6.207 5938 56875453 5234 5029 48364656 4.486 4327 4177 12 40353902 3776 3656 8863 3.384 7943 7536 2161 6.814 6492 61945.918 5.660 5.421 5197 496847934611 409 42784127 3.905 3.851 3725 9.986 9394 8853 3.358 2904 2437 2103 6.750 6.424 61225 8425583 5.342 5118 4.910 4715 452343624.203 40533912 3780 10.563 9.999 9295 745 8244 2796 2367 6.982 6 628 6.302 6.002 5724 5.4685229 5.008 4802461 4.432 4.265 4.100 3.9623824 11718 10.300 9712 9108 8.559 8061 2606 2191 6.311 6462 612 5.547 5.575 5.324 5.092 4876 4675 449 4.355 453 4001 3159 11652 10.3810106 9447 8.151 8.313 7824 7379 6974 6.604 6265 5.954 5668 5.405 5162 493 4730 4.536 4357 4189 4033 3887 12.06 11274 10.477 9700 9122 3.544 3.0222549 2120 67296373 6047 5749 5.475 5222 4.990 4775 45754391 42190593910 12.650 1690 1032190,0599372 8.756 3.201 2702 7.250 6.500 6.457 6128 5818 5534 52735033 48124608 4.419 420 4000 2928 1104 12.005 11150 90.336 9604 3950 365 7839 7366 6938 65506.198 5.8715.584 53965070 4340483544424204097 1942 20 1590 12.462 11470 10.504 999 9129 8.547983 7.469 7025 6.623 6259 5929 5628 5353 5101 4370 4657 4.4004229410 3.954 1029 12.521 70754 108.38 100179292 8.649 1.0757562 2102 6.687 6.312 5.973 5665 5.334 5127 4891 4675 4.476 4292421 22 3960 14.451 3160 12.042 1061 10 201 9442 27728.1767645 2170 6706359 0.011 5095 5410 559 23 1457 149 12.300 11272 037 9.500 4900 46904584302 400 1970 888312667718 7230 6792 6.399 604 572) 502 5167 4925 4703449943 4.37 24 15.247379012550 149 10529 9.707 3975 3905 0.348 27047203 635 6.434 6.073 5746 5451 512 4907473 4507 4310 40 25 1552214094 12783 1654 10 575 9.823 1901 9.07784227343 73306873 6.454 6.097 5766 546751954964721 45544 3905 26 1590314375 2003 1826 108109.929 9.01 1.488 7096 222 6.906 6.4916118 57835.430 5.200 49564728 520 4320 451 390 22 10.330 340021 1907 10.90510.027 9.237 54117907409 6.935 6514 6036 5.790 5.492 5.255 4964 473445244352454 1990 20 16663 14990406 12:137 1051 10:11 9307160279047441 6.901 6.534 6152 5810 5.502 52234970 479 4521415 4157 1992 29 1904 15541 11.591 12.2707150 10.19093708650 B022 7470 0.903 6.5516166 5.820 5.510 522997547345814137 415 1994 30 1729215372 0.705 2.409 1125810274 947 1694 8.055 2496 2003 6.506 6177 552955675.23549291743420940 1995 40 19793359 150460332192510757 9779 1951 1244 76347305 6642 6233 507 5.50 5.250 1997 4045444344 1999 * * * * * *