Wardrobe Clothing Manufacturers is preparing a strategy for the fall season. One strategy is to go to a highly imaginative, new, four- gold-button sports coat. The all.wool product would be available for males and females. A second option would be to produce a traditional blue blazer line. The marketing research department has determined that the four-gold-button and traditional blue blazer lines offer the following probabilities of outcomes and related cash flows: New Coat Blue Blazer Present value Present value of cash flow of cash flow Expected sales Probability from sales Probability from sales Fantastic 0. 5201,000 0.2 $327,000 Moderate 0.6 165,000 0.5 232,000 Dismal 0.1 91,800 0. The initial cost to get into the new coat line is $161.000 in designs, equipment and inventory to enter the blue blazer line, the initial cost in designs, inventory, and equipment is $155,000. o. Calculate Net present value. (Negative answers should be indicated by a minus sign.) Net present value 5 5 Enter New Coat Market Enter Blazer Market b. This part of the question is not part of your Connect assignment