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:

Cost of equipment needed $ $155,000$

Working capital needed $ $65,000$

Overhaul of the equipment in year two $ $9,000$

Salvage value of the equipment in four years $ $14,500$

Annual revenues and costs:

Sales revenues $ $300,000$

Variable expenses $ $145,000$

Fixed out$-$of$-$pocket operating costs $ $75,000$

When the project concludes in four years the working capital will be released for investment elsewhere within the company.

Required:

Calculate the net present value of this investment opportunity. $($Round your final answer to the nearest whole dollar amount.$)$