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#20 unanswered 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 $414,298.00 that will be depreciated using the 5-year MACRS schedule. The project will run for 2 years with the following forecasted numbers: not_submitted Attempts Remaining: Infinity Year 1 Year 2 Putter price $63.98 $63.98 Units sold 19,982.00 10,294.00 COGS 42.00% of sales 42.00% of sales Selling and Administrative 19.00% of sales 19.00% 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 $158,500.00 What is the NPV of the project? Submit Answer format: Currency: Round to: 2 decimal places