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Suppose that Calloway golt would like to capitalize on Phil Michelson winning the Open Champlonship in 2013 by releasing a new putter. The new product

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Suppose that Calloway golt would like to capitalize on Phil Michelson winning the Open Champlonship in 2013 by releasing a new putter. The new product will require new equipment for $424.780.00 that will be depreciated using the 5-year MACRS schedule. The project wili run for 2 years with the following forecasted numburs: Calloway has a 13.00% cost of capital and a 39.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of $127,928,00 What is the NPV of the project? Answer format: Currency: Aound to: 2 docimal places

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