Chapter 7 Homework i Saved Help Save & Exit Submit n.pdf Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 15%. After careful study, Oakmont estimated the following costs and revenues for the new product: Cost af equipment needed Working capital needed Overhaul of the equipment in year two Salvage value of the equipment in four years $ 130,000 $ 60,000 $ 8,000 $ 12,000 points Annual revenues and costs: Sales revenues Variable expenses Fixed out-of-pocket operating costs $ 250,000 $ 120,000 $ 70,000 eBook When the project concludes in four years the working capital will be released for investment elsewhere within the company. Print Click here to view Exhibit 78.1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using tables. References Required: Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.) Net present value Meta