5 Wardrobe Clothing Manufacturers is preparing a strategy for the fall season. One strategy is to go to a highly imaginative, new, four-gold-button sports coat. The all wool product would be available for males and females. A second option would be to produce a traditional blue blazer line. The marketing research department has determined that the four gold-button and traditional blue blazer lines offer the following probabilities of outcomes and related cash flows: 2 points S01248 New Coat Present value of cash flow Expected sales Probability from sales Fantastic 0.2 $206,000 Moderate 0.5 180,000 Dismal 0.3 94,300 Blue Blazer Present value of cash flow Probability from sales 0.4 $389,000 277,000 0.3 @ 0.3 The initial cost to get into the new coat line is $165.000 in designs, equipment, and Inventory. To enter the blue blazer line, the Initial cost in designs, inventory, and equipment is $159,000. a. Calculate Net present value. (Negative answers should be indicated by a minus sign.) Net present value Enter New Coat Market Enter Blazer Market b. This part of the question is not part of your connect assignment