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"transcribed_text": "Martelle Company is performing a post-audit of a project completed one year apo. The initial estimates were that the project would cost $223,000, would have a useful life of nine years and zero salvage value, and would result in net annual cash flows of $44, 500 per year. Nov.' that the investment has been in operation for one year, revised figures indicate that it actually cost $230,000, will have a useful life of 11 years, and will produce net annual cash flows of $37,900 per year. Assume a discount rate of 12%. Click here to view PV table. Calculate the original and revised net present value. (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275.) Original net present value Revised net present value Does the project turn out as successful as predicted? The project as successful as predicted.",
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"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64ed8a8041add_6938.jpg",
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"question_posted": "2024-06-28 06:57:49",
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