BE12-6 Perform a post-audit. Quillen Company is performing a post-audit of a project completed one year ago estimates were that the project would cost $250,000, would have a useful life of salvage value, and would result in net annual cash flows of $46,000 per year. No investment has been in operation for 1 year, revised figures indicate that it actual $260,000, will have a total useful life of 11 years, and will produce net annual ca $39,000 per year. Evaluate the success of the project. Assume a discount rate of