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Silver Bear Golf ( SBG ) is a manufacturer of top quality golf clubs with a specialty of putters. Currently, each putter they sell brings

Silver Bear Golf (SBG) is a manufacturer of top quality golf clubs with a specialty of putters. Currently, each putter they sell brings in $280 of revenue at a cost of $180. This past year, they sold 1,400 putters and they expect this number to grow each year by 12.0% until this model becomes obselete after 17 more years. The foreman at the SBG factory recently brought to your attention a new technology that could lower the cost of production. This technology requires an upfront fixed investment of $337,000 and has the capacity to produce all the putters you want to sell per year at a unit cost of $154. There is no increased working capital need due to this new technology, and no value of the machine/technology after 17 years. What is the NPV of investing in the new technology? Ignore taxes and assume a discount rate of 6.5%

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