Chapter 14 Homework 2 Problem 14-18 (Algo) Net Present Value Analysis (L014-2] 0.87 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. Onkmont estimated the following costs and revenues for the new product: $ 170,000 $ 60,000 $ 12,000 $ 16,000 Cont of equipment needed Mocking capital needed Overhaul of the ealent in year to Salvage value of the equipment in four year Au revenues and contex Bolo ter Variable expenses Fixed out-of-pocket operating conte $ 330,000 $ 160,000 78,000 Reference When the project concludes in four years the working capitol will be released for investment elsewhere within the company Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factors) using tables. Required: Calculate the not present value of this investment opportunity (Round your final answer to the nearest whole dollar amount) Nel