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 5,100 units at $46 each. The new manufacturing equipment will cost $99,400 and is expected to have a 10-year life and $7,600 residust 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 $7.80 Direct materials 25.60 Fixed factory overhead-depreciation Variable factory overhead Total $39.10 1.80 3.90 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 29 Last Year Initial investment Operating cash flows: Annual revenues Selling expenses U Dod Cost to manufacture Net operating cash flows Total for Year 1 Total for Years 2.9 Residual value Q Total for last year