Brief Exercise 27-06 Your answer is partially correct. Try again. Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $247,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $45,400 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $248,000, will have a total useful life of 11 years (including the year just completed), and will produce net annual cash flows of $37,300 per year. Click here to view PV table. Evaluate the success of the project. Assume a discount rate of 10%. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answers to o decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Original estimate net present value 15035 Revised estimate net present value -6291 is not The project Ja success. diate Show Work for this question: Open Show Work 0 - - 3% 9% % % i 1.0000 1.00000 1.00000 10000 1.0000 1.0000 10000 1.0000 1.000 1.0000 1.04000 105000 1.06000 1.07000 1.08000 1.09000 110000 111000 1.12000 1.15000 1.08160 110250 112360 1.14490 L16640 118810 121000 1.23210 125440 132250 3 1.12486 1.15763 119102 122504 125971 129503 133100 1.36763 1.40493 152088 1.16986 121551 126248 1.31080 1.36049 141158 1.46410 151807 157352 174901 5 121665 127628 133823 1.40255 1.46933 153862 1.61051 168506 176234 201136 6 1.26532 1.34010 1.41852 150073 1.58687 1.67710 177156 187041 197382 231306 1 131593 1.40710 1.50363 160578 1.71382 1.82804 194872 2.07616 221068 26002 18 136857 1.47746 159385 171819 1.85093 199256 214359 230454 2.47596 3.05902 9 142331 1.55133 1.689148 1.83846 199900 217189 235795 255803 277308 351788 10 1.48024 162889 179085 196715 215892 236736 259374 283942 3.10585 4.04556 | 11 153945 1.71034 1.89830 2.10485 233164 2.58043 2.85312 315176 3.47855 465239 | 12 160103 179586 201220 225219 251817 281267 3.13843 3.49845 3.89598 535025 | 13 |1.66507 1.88565 213293 240985 2.71962 3.06581 345227 388328 4.36349 6.15279 | 14 1.73168 197993 226090 257853 293719 334173 3.79750 431044 488711707571 | 15 180094 2.07895 239656 2.75903 3.17217 364248 417725 4.78459 5.47357 813706 | 16 187298 2.18287 2.54035 295216 3.42594 397031 459497 531089 6.13039 935762 17 194790 229202 269277 3.15882 3.7002 432763 50547 589509 686604 10 76126 | 18 202582 2.40662 285434 337993 399602 471712 555992 65555 768997 12.37545 | 19 210685 2.52695 302560 3.61653 431570 S.14166 611591 7.2634 861276 14 23177 20 21912 265330 320714 386968 466096 560441 672750 806231 964629 16 36654
