volue: 5.00 points Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period The company's discount rate is 16%. 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 two years Salvage value of the equipment in four years $150,000 $ 64,000 $ 10,000 $ 14,000 Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $290,000 $140,000 $ 74,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company ani ae iew Exhibit 138-1 ana Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factors) using tables Required: Calculate the net present value of this investment opportunity. (Round discount factor(s) to 3 decimal places.) t present value