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 7,600 units at $44 each. The new manufacturing equipment will cost $139,900 and is expected to have a 10-year life and $10,700 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		$7.50
Direct materials		24.40
Fixed factory overhead-depreciation		1.70
Variable factory overhead		3.80
	Total	$37.40

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.

	Year 1	Years 2-9	Last Year
Initial investment	$fill in the blank 1
Operating cash flows:
Annual revenues	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4
Selling expenses	fill in the blank 5	fill in the blank 6	fill in the blank 7
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