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 $410,648.00 that will be depreciated using the 5-year MACRS schedule. The project will run for 2 years with the following forecasted numbers:

Year 1Year 2Putter price$60.20$60.20Units sold19,131.0011,203.00COGS38.00% of sales38.00% of salesSelling and Administrative18.00% of sales18.00% of sales

Calloway has a 14.00% cost of capital and a 37.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $141,414.00.

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