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 $403,340.00 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 $61.33 $61.33 Units sold 18,259.00 11,633.00 COGS 41.00% of sales 41.00% of sales Selling and Administrative 19.00% of sales 19.00% of sales Calloway has a 12.00% cost of capital and a 36.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $135,187.00. What is the NPV of the project? Submit Answer format: Currency: Round to: 2 decimal places