#9 O 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 $409,746.00 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 $63.37 $63.37 Units sold 19,565.00 11,289.00 COGS 39.00% of sales 39.00% of sales Selling and Administrative 19.00% of sales 19.00% of sales Calloway has a 15.00% cost of capital and a 36.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $156,922.00 What is the project cash flow for year 1? Submit Answer format: Currency: Round to 2 decimal places Show Hint