and profitability index of each project. Which project should be accepted? BE25.6 (LO 3), AN Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $250,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $46,000 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $260,000, will have a total useful life of 11 years (including the year just completed), and will produce net annual cash flows of $39,000 per year. Evaluate the success of the project. Assume a discount rate of 10%. BE25.7 (LO 4), AP Kanye Company is evaluating the ne to be