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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 17%. 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 17%. After careful study, Oakmont estimated the following costs and revenues for the new product Coat of equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four years $ 190,000 $ 69.000 $ 6,000 $ 16,500 Annual revenues and costs Sales revenues Variable expenses Vixed out-of-pocket operating costa $ 340,000 $ 165,000 $ 79,000 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 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.) Nat prosent value

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