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 $406,525.00 that will be depreciated using the 5-year MACRS schedule. The project will run for 2 years with the following forecasted numbers: Calloway has a 13.00% cost of capital and a 37.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $166,898.00