Problem 7-18 (Algo) Net Present Value Analysis [LO7-2] 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: $ 155,000 $65,000 $ Cost of equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four years 9,000 $14,500 Annual revenues and costs: $ 300,000 $ 145,000 $ 75,000 Sales revenues Variable expenses Fixed out-of-pocket operating costs When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 7B-1 and Exhibit 7B-2, 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 present value