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Problem 14-18 (Algo) Net Present Value Analysis (LO14-2) Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The

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Problem 14-18 (Algo) Net Present Value Analysis (LO14-2) Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 18%. After careful study, Oakmont estimated the following costs and revenues for the new product: Cost of equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four years $ 260,000 $ 87,000 $ 10,500 $ 13,500 Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $ 430,000 $ 210,000 $ 88,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company Click here to view Exhibit 14B-1 and Exhibit 148-2. to determine the appropriate discount factors) using tables Required: Calculate the net present value of this investment opportunity (Round your final answer to the nearest whole dollar amount.) Not present value

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