Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 15%. 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 $ 130,000 60,000 $ 8,000 $ 12,000 Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs A $ 250,000 120,000 $ 70,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company Click here to view Exhibit 8B-1 and Exhibit 8B-2, to determine the appropriate discount factor(s) using tables. Required: Calculate the net present value of this investment opportunity. (Round discount factor(s) to 3 decimal places.) Net present value