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Bonita Company is perform iag a post-audit of a project completed one year ago. The initial estimates were that the project would cost $249,000, would

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Bonita Company is perform iag a post-audit of a project completed one year ago. The initial estimates were that the project would cost $249,000, would have a us ful life of 9 years, zero salvage value, and would result in net annual cash flows of $45,800 per year. Now that the investment has be en in operation for 1 year, revised figures indicate that it actually cost $260,000, will have a total useful life of 11 years (induding the year just completed), and will produce net annual cash flows of $39.200 per year. Click here to view PV tablen. Evaluate the success of the project. Assume a discount rate of 10x. (If the net present value is negative, use either a negative sign preceding the number es - 45 or parentheses eg (45). Round present value answers to 0 decimal places, e.3. 125, For: calculation purposes, use 5 decimal places as displayed in the foctor table provided] Original estimate net present value $ Revised estimate net present value The project a success

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