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Daffodil Inc. is planning to invest in manufacturing equipment to make a new garden tool. The new garden tool is expected to generate additional annual

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Daffodil Inc. is planning to invest in manufacturing equipment to make a new garden tool. The new garden tool is expected to generate additional annual sales of 6,000 units at $44.00 each. The new
manufacturing equipment will cost $110,500, have a 10-year life, a residual value of $8,500, and will be depreciated using the straight-line method. Selling expenses related to the new product are
to be 5% of sales revenue. The cost to manufacture the product includes the following on a per-unit basis:
a. 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. PLEASE HELP ME SOLVE THIS PROBLEM AND FILL IN EACH BLANK.
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