Kauai Tools Inc: is planning to invest in new manufacturing equipment to make a new garden tool. The new garden tool is expected to generate additional annual sales 5,200 units at $32 each. The new manufacturing equipment will cost $67,600 and is expected to have a 10 -vear life and a $5,200 residuat value. Selling expenseF rela to the new product are expected to be 4% of sales revenue. The cost to manufacture the product includes the following on a per-anit basis: Determine the net cash fows for the first year of the project, Years 2-9, and for the last year of the project. Use the minus sign to indicatie cash outflows. Do not round your intermediate calculations but, if required, round your final answers to the nearest dollar. Determine the net cash flows for the first year of the project, Years 2-9, and for the last year of the project. Use the minus sign to indicate cash outflows. Do not your Intermediate calculations but, if required, round your final answers to the nearest dollar. * chest My Work For Year 1, subtract the amount to be invested from the operating cash fiows (annual fevenues less iening expenses less coat to inanufacture), For Yesis 2-10. subitrect the selling expenses and the costa to manufecture from the annual revenues. For Year 10 onlyi add the residual value. 2 more Check My Work uses romaining Kauai Tools Inc: is planning to invest in new manufacturing equipment to make a new garden tool. The new garden tool is expected to generate additional annual sales 5,200 units at $32 each. The new manufacturing equipment will cost $67,600 and is expected to have a 10 -vear life and a $5,200 residuat value. Selling expenseF rela to the new product are expected to be 4% of sales revenue. The cost to manufacture the product includes the following on a per-anit basis: Determine the net cash fows for the first year of the project, Years 2-9, and for the last year of the project. Use the minus sign to indicatie cash outflows. Do not round your intermediate calculations but, if required, round your final answers to the nearest dollar. Determine the net cash flows for the first year of the project, Years 2-9, and for the last year of the project. Use the minus sign to indicate cash outflows. Do not your Intermediate calculations but, if required, round your final answers to the nearest dollar. * chest My Work For Year 1, subtract the amount to be invested from the operating cash fiows (annual fevenues less iening expenses less coat to inanufacture), For Yesis 2-10. subitrect the selling expenses and the costa to manufecture from the annual revenues. For Year 10 onlyi add the residual value. 2 more Check My Work uses romaining