Step 1: {Understanding volume conservation}
Since the wire is melted and redrawn, its volume remains the same:
\[
A_1 l_1 = A_2 l_2
\]
Given that the new length is \(\frac{1}{4}\)th of the original:
\[
A_2 = 4 A_1
\]
Step 2: {Finding new resistance}
Resistance is given by:
\[
R = \rho \frac{l}{A}
\]
Using the transformation,
\[
R_2 = \frac{l_2}{A_2} R_1
\]
\[
R_2 = \frac{\frac{1}{4} l_1}{4 A_1} R_1 = \frac{1}{16} R_1
\]
Substituting \(R_1 = 160\Omega\):
\[
R_2 = \frac{160}{16} = 10\Omega
\]
Thus, the new resistance is \(10\Omega\).