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Uakmont 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,

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Uakmont 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 $ 220, Bee Working capital needed $70,000 Overhaul of the equipment in year two $ 6,000 Salvage value of the equipment in four years $ 17.000 Annual revenues and costat Sales revenues $350,000 Variable expenses $ 170,000 Fixed out-of-pocket operating costs $ 30,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company Click here to view Exhibit 123.1 and Exhibit 120 2. to determine the appropriate discount factors) using tables. (Use the tables to get your discount factors. The linked tables are the same tables as the ones in your course packet. you calculate discount factors using Excel or a financial calculator, your answer may be different enough due to rounding that the system marks wrong Required: Calculate the net present value of this investment opportunity (Round your final answer to the nearest whole dollar amount.)

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