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 8,400 units at $52 each. The new manufacturing equipment will cost $181,900 and is expected to have a 10-year life and $19,900 residual value Selling expenses related to the new product are expected to be 4% of sales revenue. The cost to manufacture the product includes the following on a per unit basis: Direct labor $8.80 Direct materials 28.90 Fixed factory overhead-depreciation Variable factory overhead 4.50 Total $44.20 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 outlews. Do not round your Intermediate calculations but, if required, round your final answer to the nearest dollar, Out of Eden, Inc. Net Cash Flows 2.00 Year 1 Years 2.9 Last Year Initial investment Operating cash flows: Annual revenues Selling expenses pod Cost to manufacture Net operating cash flows 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 outflow. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar Out of Eden, Inc. Net Cash Flows Year 1 Years 29 Last Year Initial Investment Operating cash flows: Annual revenues Selling expenses Cost to manufacture Net operating cash flows Ob0 Total for Year 1 Total for Years 2-9 Residual value Total for last year