Determine Cash Flows Marigold Inc. is planning to invest in new manufacturing equipment to make a new garden tool. The garden tool is expected to generate additional annual sales of 5,700 units at $52 each. The new manufacturing equipment will cost $123,500 and is expected to have a 10-year life and $9,500 residual value. Seiling 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 $8.80 28.90 Fixed factory overhead-depreciation 2.00 4.50 Variable factory overhead 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 a minus sign to indicate cash outflows. Do not round your Intermediate calculations but, if required, round your final answer to the nearest dollar. Marigold Inc. Net Cash Flows