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 $417,529,00 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 $62 30 $82.30 Putter price 18,480.00 10,136.00 Units sold 40.00% of sales 40.00% of sales COGS Soling and Administrative 20.00% of sales 20.00% of sales Calloway has a 14.00% cost of capital and a 30.00% tax rate The firm expects to sell the equipment after 2 years for a NSV of $164,303.00 What is the NPV of the project? Submit Answer format: Currency Round to 2 decimal places