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: Cost of equipment needed Working capital needed Overhaul of the equipment in two years Salvage value of the equipment in four years $220,000 70,000 $ 6,000 $ 17,000 Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $350,000 $ 170,000 $ 80,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 118-1 and Exhibit 118-2, to determine the appropriate discount factor(s) using tables Required: Calculate the net present value of this investment opportunity. (Use the appropriate table to determine the discount factor(s).) Net present value