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 1,600 units at $75 each. The new manufacturing equipment will cost $257,000 and is expected to have a 10-year life and $17,000 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 on a per-unit basis:

Direct labor..........................................$12.00

Direct materials.......................................30.00

Fixed factory overhead-depreciation............15.00

Variable factory overhead............................4.50

Total..................................................$61.50

Determine the net cash flows for the first year of the project, Years 2-9, and for the last year of the project.