Step 1: {Volume Conservation}
The wire's volume is conserved during melting and redrawing:
\[A_1 l_1 = A_2 l_2\]
Given the new length is one-fourth of the original:
\[A_2 = 4 A_1\]
Step 2: {Calculating New Resistance}
Resistance is defined as:
\[R = \rho \frac{l}{A}\]
Applying the transformation:
\[R_2 = \frac{l_2}{A_2} R_1\]
\[R_2 = \frac{\frac{1}{4} l_1}{4 A_1} R_1 = \frac{1}{16} R_1\]
With \(R_1 = 160\Omega\):
\[R_2 = \frac{160}{16} = 10\Omega\]
The new resistance is \(10\Omega\).