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 two Salvage value of the equipment in four years $ 220,000 $ 70,000 $ 6,000 $ 17,00 Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $ 350,000 $ 170,000 $ 80,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit.7B-1 and Exhibit 78 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.) Netent value a Te to search