10 of 13 < View Policies Current Attempt in Progress -/11 Stanton Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $490,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $90,000 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $510,000, will have a useful life of 11 years, and will produce net annual cash flows of $77,000 per year. Evaluate the success of the project. Assume a discount rate of 10%. Click here to view PV table. Calculate the net present value. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to O decimal places, eg. 5,275.) Original estimate Revised estimate Net present value $ $ Evaluate the success of the project. The original net present value was projected to be a ; however, the revised estimate is a The proje < Type here to search G E