Help Save & Exits Problem 12-18 Net Present Value Analysis (L012-2] 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: Cost of equipment needed Working capital needed Overhaal of the equipment in year two Salvage value of the equipment in four years $ 275,000 $ 86,000 $ 10.000 $ 13,000 Annual revenues and costat Sales revenues Variable expenses Tixed out-of-pocket operating conta $420,000 $ 205.000 87,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company. Click here to view Exhibit 120-1 and Exhibit 120-2. 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 Prev Next