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 6,500 units at $52 each. The new manufacturing equipment will cost $140,800 and is expected to have a 10-year life and $10,800 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 Direct materials Fixed factory overhead-depreciation Variable factory overhead $8.80 28.90 2.00 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 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 $ 140,00 X Initial investment Operating cash flows: Annual revenues 1160 X Selling expenses 287,300 287,100 Cost to manufacture X x $ 638,820 X 638,20 X 18.20 X Net operating cash flows $ 493,030 X Total for Year! 638,820 x Total for Years 2.9 - Uject, Tears 29, allu IUF the last year of the project. Use tl intermediate calculations but, if required, round your final answer to the nearest dollar. Out of Eden, Inc. Net Cash Flows Year 1 Years 2-9 Last Year 140,800 Initial investment Operating cash flows: Annual revenues $ $ 338,000 13,520 338,000 13,520 Selling expenses 338,000 13,520 X 287,300X X X x Cost to manufacture 287,300 X 287,300 Net operating cash flows $ ash flowe $ 638,820 638,820 X $ 638,820 X $ 638,820 498,020 Total for Year 1 Total for Years 2-9 $ 638,820 X 10,800 Residual value 649,620 X Total for last year