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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 1 7
Oakmont Company has an opportunity to manufacture and sell a new product for a fouryear period. The company's discount rate is
After careful study, Oakmont estimated the following costs and revenues for the new product:
When the project concludes in four years the working capital will be released for investment elsewhere within the company.
Click here to view Exhibit B and Exhibit B to determine the appropriate discount factors using tables.
Required:
Calculate the net present value of this investment opportunity. Round your final answer to the nearest whole dollar amount.
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