What is the project cash flow for year 1? (round to 2 decimal places)

What is the project cash flow for year 2? (include the terminal cash flow here) (round to 2 decimal places)

What is the NPV of the project? (round to 2 decimal places)

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 $405,058.00 that will be depreciated using the 5-year MACRS schedule. The project will run for 2 years with the following forecasted numbers: Putter price Units sold COGS Selling and Administrative Year 1 $61.58 18,239.00 38.00% of sales 20.00% of sales Year 2 $61.58 10,997.00 38.00% of sales 20.00% of sales Calloway has a 14.00% cost of capital and a 40.00% tax rate. The firm expects to sell the equipment after 2 years for a NSV of 5155870