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: Expected sales Fantastic Moderate Dismal New Coat Present value of cash flow Probability from sales 8.3 $281,000 2.6 165, eee 2.1 91,888 Blue Blazer Present value of cash flow Probability from sales 0.2 $327,eee 2.5 232, eee 2.3 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. a. Calculate Net present value. (Negative answers should be indicated by a minus sign.) Net present value Enter New Coat Market Enter Blazer Market $