Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The companys discount rate is 14%. After careful study, Oakmont estimated the following costs and revenues for the new product:

Cost of equipment needed	$ 140,000
Working capital needed	$ 62,000
Overhaul of the equipment in year two	$ 9,000
Salvage value of the equipment in four years	$ 13,000
Annual revenues and costs:
Sales revenues	$ 270,000
Variable expenses	$ 130,000
Fixed out-of-pocket operating costs	$ 72,000

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.