-/ 11 Question 5 of 10 View Policies Current Attempt in Progress Bramble Company is performing a post-audit of a project that was estimated to cost $570,000, have a useful life of 6 years with a zero salvage value, and result in annual net cash flows of $137,500 per year. The company's required rate of return is 10%. After the investment was in operation for a year, revised figures indicate that it actually cost $596,000, will have a 9-year useful life, and will produce annual net cash flows of $102,000. The present value of an annuity of 1 for 6 years at 10% is 4.35526 and for 9 years is 5.75902 Click here to view PV tables. Question 5 of 10 0.75 / 1 III : (a) Your answer is correct. Calculate the net present value based on the original estimates. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, eg. 5,275.) Net present value $ $ 28848 Determine whether the project should have been accepted. Yes Question 5 of 10 0.5/1 II w (b) Calculate the net present value based on the actual amounts. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, eg, 5,275. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Net present value $ Determine whether the project should have been accepted