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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 18% 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 18% After careful study, Oakmont estimated the following costs and revenues for the new product $ 270,000 Cost of equipment needed Working capital needed $ 90,000 Overhaul of the equipment in two years $ 9,000 Salvage value of the equipment in four years $ 14,500 Annual revenues and costs: Sales revenues $ 450,000 Variable expenses $ 220,000 Fixed out-of-pocket operating costs $ 90,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 128-1 and Exhibit 128-2, 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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