Oakmont Company has an opportunity to manufacture and sell a new company's discount rate is 16%. After careful study, Oakmont estimated the following costs and revenues for the new product: product for a four-year period. The $150,000 $ 64,000 10,000 $14,000 Cost of equipment needed Working capital needed Overhaul of the equipment in two years Salvage value of the equipment in four years Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $290,000 $140,000 $ 74,000 When the project concludes in four years the working capital will be released for investment elsewhere. within the company. Click here to view Exhibit 11B-1 and Exhibit 11B-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