#18 + 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 $413,468.00 that will be depreciated using the 5- year MACRS schedule. The project will run for 2 years with the following forecasted numbers: Year 1 Year 2 Putter price $62.10 $62.10 Units sold 19,063.00 11,689.00 COGS 42.00% of sales 42.00% of sales Selling and Administrative 18.00% of sales 18.00% of sales Calloway has a 13.00% cost of capital and a 40.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $142,862.00. What is the project cash flow for year 1? Submit Answer format: Currency: Round to: 2 decimal places