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 two years: $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

Present value of discount $1: 0.592

Present value of an Annuity of $1 in Arrears: 2.914

Calculate the net present value of this investment opportunity.