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 $406,991.00 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	$60.55	$60.55
Units Sold	18,484.00	11,552.00
COGS	38.00% of sales	38.00% of sales
Selling and Administrative	20.00% of sales	20.00% of sales

Calloway has a 14.00% cost of capital and a 38.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $139,923.00.

What is the project cash flow for year 2? (include the terminal cash flow here)