A new factory is needed to manufacture the APSI. The facility can produce up to 250 machines each year over the products 15-year life. An investment of CAD 350,000 in net working capital is needed to support production that will be liquidated at the end of the products life.

APSI sales are forecasted to be 100 units in the first year, 200 in the second year, and then reach factory capacity of 250 units in the third year. The products list price is CAD 350,000 and its unit cost is CAD 338,500, which includes direct materials, direct labour and factory overhead. Incremental selling and administration costs will be CAD 1,570,000. Existing corporate overhead of CAD 230,000 per year will be allocated to the product as per company policy. Factory equipment will be overhauled at a cost of CAD 1,500,000 at the end of year 8.

Calculate the incremental cash flows for the above data on excel.