#16 Suppose that Calloway golf would like to capitalize on Phil Michelson winning the Open Championship in 2013 by releasing a new putter. The new product will require new equipment for $411,676.00 that will be depreciated using the 5-year MACRS schedule. The project will run for 2 years with the following forecasted numbers: unanswered not_submitted Year 1 Year 2 Attempts Remaining: Infinity Putter price $64.14 $64.14 Units sold 18,638.00 10,116.00 COGS 41.00% of sales 41.00% of sales Selling and Administrative 18.00% of sales 18.00% of sales Calloway has a 14.00% cost of capital and a 40.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $167,145.00. What is the NPV of the project? Submit Answer format: Currency: Round to: 2 decimal places. #17 Daily Enterprises is purchasing a $10.57 million machine. It will cost $67,092.00 to transport and install the machine. The machine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.09 million per year along with incremental costs of $1.23 million per year. Daily's marginal tax rate is 36.00%. unanswered not_submitted Attempts Remaining: Infinity The cost of capital for the firm is 13.00%. (answer in dollars..so convert millions to dollars) What is the year 0 cash flow for the project? Submit Answer format: Currency: Round to: 2 decimal places