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 $422,707.00 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 $60.46 $60.46 Units sold 19,991.00 11,954.00 COGS 42.00% of sales 42.00% of sales Selling and Administrative 18.00% of sales 18.00% of sales Calloway has a 13.00% cost of capital and a 39.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $134,454.00. What is the NPV of the project? Submit