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 9,200 units at $50 each. The new manufacturing equipment will cost $189,300 and is expected to have a 10-year life and $14,500 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 Direct materials Fixed factory overhead-depreciation Variable factory overhead Total $8.50 27.80 1.90 4.30 $42.50 Determine the net cash flows for the first year of the project, Years 2-9, and for the last year of the project. Use the minus sign to indicate cash outflows. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar. Out of Eden, Inc. Net Cash Flows Years 2-9 Last Year Year 1 $ -189,300 Initial investment Operating cash flows: Annual revenues $ 460,000 460,000 -23,000 Selling expenses -23,000 Cost to manufacture Net operating cash flows $ Total for Year 1 Total for Years 2-9 14.500 Residual value Total for last year