#20 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 $413,339.00 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 $63.30 $63.30 Units sold 18,362.00 11,213.00 COGS 40.00% of sales 40.00% of sales Selling and Administrative 20.00% of sales 20.00% of sales Calloway has a 12.00% cost of capital and a 39.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $145,429.00 What is the NPV of the project? Submit Answer format: Currency: Round to: 2 decimal places