Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The companys discount rate is 18%. After careful study, Oakmont estimated the following costs and revenues for the new product: Cost of equipment needed $ 270,000 Working capital needed $ 90,000 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 $ 450,000 Variable expenses $ 220,000 Fixed out-of-pocket operating costs $ 90,000 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