PROBLEM $14-18$ Net Present Value Analysis $[$ LO$14-2$

Oakmont Company has an opportunity to manufacture and sell a new product for a four$-$year period. The company's discount rate is $15\%.$

After careful study, Oakmont estimated the following costs and revenues for the new product:

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.