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 $34 each. The new manufacturing equipment will cost $115,400 and is expected to have a 10-year life and $8,800 residual value. Selling 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 $5.80 Direct materials 18.90 Fixed factory overhead-depreciation 1.30 Variable factory overhead 2.90 Total $28.90 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 00 Cost to manufacture Net operating cash flows $1 $ Total for Year 1 Total for Years 2-9 $ Residual value Total for last year $