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 $418,649.00 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 $61.73 $61.73 Units sold 19,026.00 11,257.00 COGS 40.00% of sales 40.00% of sales Selling and Administrative 21.00% of sales 21.00% of sales Calloway has a 12.00% cost of capital and a 39.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $125,031.00. What is the project cash flow for year 1?