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 of 7,800 units at $32 each. The new manufacturing equipment will cost $101,400 and is expected to have a 10 -year life and a $7,800 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: 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 round your intermediate calculations but, if required, round your final answers to the nearest dollar. Kauai Tools Inc. Net Cash Flows 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 outhows. Do not round your intermediate calculations but, if required, round your final answers to the nearest dollar. Kauai Tonls Ine: Foodback r Check My Work For Year 1, subtract the amount to be invested from the operating cash flows (annual revenues less selling expenses less cost to manufacture), For Years 210, subtract the selling expenses and the costs to manufacture from the annual revenues. For Year 10 only add the residual value