Nature's Way 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 8,100 units at $36 each. The new manufacturing equipment will cost $122,800 and is expected to have a 10-year life and $9,400 residual 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$6.10Direct materials20.00Fixed factory overhead-depreciation1.40Variable factory overhead3.10Total$30.60

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 answer to the nearest dollar.

Out of Eden, Inc.Net Cash FlowsYear 1Years 2-9Last YearInitial investment$Operating cash flows:Annual revenues$$$Selling expensesCost to manufactureNet operating cash flows$$$Total for Year 1$Total for Years 2-9$Residual valueTotal for last year$