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Problem 13-18 Net Present Value Analysis (LO13-2] Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's

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Problem 13-18 Net Present Value Analysis (LO13-2] Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 17%. After careful study, Oakmont estimated the following costs and revenues for the new product: $ 240,000 S83,800 $ 7,000 $ 11,500 Cost of equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four years Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $ 390,000 $ 190,00 $ 84,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company Click here to view Exhibit:138.1 and Exhibit 1382, to determine the appropriate discount factor(s) using tables. Required: Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.) Net presenta

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