Green Thumb Inc. is planning to invest $238,000 in a new garden tool that is expected to generate additional sales of 8,000 units at $36 each. The $238,000 investment includes $54,000 for initial launch-related expenses and $184,000 for equipment that has a 15-year life and a $10,000 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 per unit costs:

Direct labor ................. $ 6.00

Direct materials ................ 11.75

Fixed factory overhead—depreciation ....... 1.45

Variable factory overhead ............. 1.80

Total .................$21.00

Determine the net cash flows for the first year of the project, years 2–14, and for the last year of the project.