* Calculate Cash Flows Nature's Way Inc. is planning to invest in new manufacturing equipment to make a new garden tool. The new garden tool is expected to generate additional annual sales of 2,500 units at $60 each. The new manufacturing equipment will cost $227,000 and is expected to have a 10-year life and $17,000 residual value. Selling expenses related to the new product are expected to be 5% of sales revenue. The cost to manufacture the product includes the following on a per unit basis Direct labor $8.00 Direct materials 22.00 8.40 Fixed factory overhead depreciation Variable factory overhead 3.60 Total $42.00 Determine the net cash flows for the first year of the project, Years and for the year of the project minus sign to indicate cash outflows. Do not round your intermediate calculations but required, round your final answer to the nearest dollar Cornucopia Inc. Net Cash Flows Year Years 2.9 Last Year Initial investment Operating cash flows: Annual revenues Selling expenses Cost to manufacture ET care project tears, and for the last year of the project. Use a minus sign to indicate cash outflows. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar, Cornucopia Inc. Net Cash Flows Year 1 Years 2.9 Last Year Initial investment Operating cash flows: Annual revenues Selling expenses Cost to manufacture 3 Net operating cash flows 000 IU O Total for Year 1 Total for Years 2-9 Residual value Total for last year Previous Next)