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Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period

Accounting

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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:

When the project concludes in four years the working capital will be released for investment elsewhere within the company.

Required:

Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.