Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 16%. After careful study, Oakmont estimated the following costs and revenues for the new product. $250,000 Cost of equipment needed 82,000 Working capital needed 8,000 Overhaul of the equipment in two years Salvage value of the equipment in four years 11,000 Annual revenues and costs: Sales revenues 380,000 Variable expenses 185,000 83,000 Fixed out-of-pocket operating costs When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 13B-1 and Exhibit 13B-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