Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The companys discount rate is 15%. After careful study, Oakmont estimated the following costs and revenues for the new product:

Cost of equipment needed	$	145,000
Working capital needed	$	63,000
Overhaul of the equipment in year two	$	9,500
Salvage value of the equipment in four years	$	13,500
Annual revenues and costs:
Sales revenues	$	280,000
Variable expenses	$	135,000
Fixed out-of-pocket operating costs	$	73,000

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.)