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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,

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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 year to $ 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 Click here to view Exhibit 14B-1 and Exhibit 148 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.) Net present value

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