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 8,200 units at $44 each. The new manufacturing equipment will cost $151,000 and is expected to have a 10-year life and $11,600 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 $7.50 Direct materials 24.40 Fixed factory overhead depreciation 1.70 Variable factory overhead 3.80 Total $37.40 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 Year 1 Years 2-9 Last Year Initial investment Operating cash flows Annual revenues Selling expenses Cost to manufacture Net operating cash flows Total for Year 1 ini Total for Years 2.9 Residual value Total for last year