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	$260,000
working capital needed	87,000
overhaul of the equipment in 2 years	10,500
salvage value of the equipment in 4 years	13,500
annual revenue and costs:
sales revenue	430,000
variable expenses	210,000
fixed out-of-pocket operating costs	88,000

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 discount factor(s) to 3 decimal places.)

net present value

$ ???