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316 Suppose that allowy golf would like to capitalize on Phil Michelson winning the Open Championship in 2013 by releasing a new putter. The new

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316 Suppose that allowy 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 $402298.00 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 med Attempts Remaining Infinity Putter price $84.89 $64.69 Units sold 19,418.00 11,351.00 COGS 42.00% of sales 42.00% of sales Seling and Administrative 20.00% of sales 20.00% of sales Calloway has a 14.00% cost of capital and a 36.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $166,037.00 What is the NPV of the project? Submit Answer format: Currency Hound to: 2 decimal places

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