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 5,400 units at $52 each. The new manufacturing equipment will cost $117,000 and is expected to have a 10-year life and $9,000 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 $8.80 Direct materials 28.90 Fixed factory overhead-depreciation 2.00 Variable factory overhead 4.50 Total $44.20 Determine the net cash flows for the first year of the project, Years 29, 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 blank Year 1 Years 2-9 Last Year Initial investment $fill in the blank 1 -117,000 Operating cash flows: Annual revenues $fill in the blank 2 280,800 $fill in the blank 3 280,800 $fill in the blank 4 280,800 Selling expenses fill in the blank 5 -11,232 fill in the blank 6 -11,232 fill in the blank 7 -11,232 Cost to manufacture fill in the blank 8 fill in the blank 9 fill in the blank 10 Net operating cash flows $fill in the blank 11 $fill in the blank 12 $fill in the blank 13 Total for Year 1 $fill in the blank 14 Total for Years 2-9 $fill in the blank 15 Residual value fill in the blank 16 Total for last year $fill in the blank 17

on a per-unit basis: round your final answer to the nearest dollar