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815 Suppose that Calloway 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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815 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 $417,529.00 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 $6230 $6230 Units sold 18,480.00 10,136.00 COGS 40.00% of sales 40.00% of sales Selling and Administrative 20.00% of sales 20.00% of sales Calloway has a 14.00% cost of capital and a 3000% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $164,303 00 What is tho project cash flow for year 22 (include the terminal cash flow here) Submit Answer format: Currency Round to 2 decimal places

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