Nature's Way 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 5,300 units at $52 each. The new manufacturing equipment will cost $114,800 and is expected to have a 10-year life and $8,800 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: Direct labor $8.8 Direct materials 28.9 Fixed factory overhead-depreciation 2 Variable factory overhead 4.5 Total $44.2 ) Determine the net cash ows for the first year of the project, Years 29, and for the last year of the project. Use the minus sign to indicate cash outows. Do not round your intermediate calculations but, if required, round your nal answer to the nearest dollar. Nature's Way Inc. Net Cash Flows Year 1 Years 2-9 Last Year Initial investment Operating cash ows: Annual revenues Selling expenses Cost to manufacture Net operating cash flows Total for Year 1 W000 |D ID DUDE |U|D DEED Total for Years 2-9 Residual value Total for last year