Concord Company is performing a post-audit of a project completed one year ago. The initia estimates were that the project would cont 5580,000 , would have a useful lite of 9 years, zero salvage value, and would rosult in net annual cash flows of $108.000 per year. Now that the investment has been in operation for 1 year, revised fgures indicate that it actually cost 5632,000 will have a useful life of 11 years and will groduce net annual cash flows of $95,000 per year Evaluate the success of the project. The company's discount rate is 10%. (Use the abeve table. (Rornd factor values to 5 docinal ploces. es. 1.25124 and final onswers to 0 decimal places, es. 5.275. TAbte 1 Puture Value orf \begin{tabular}{lllllllll|l|l|l} \hline 16 & 1.57298 & 2.18287 & 2.54035 & 2.95216 & 3.42504 & 3.97031 & 4.59497 & 5.31069 & 6.13039 & 9.35762 \\ \hline 17 & 1.94790 & 2.29202 & 2.69277 & 3.15882 & 3.70002 & 4.32763 & 5.05447 & 5.89509 & 6.86604 & 10.76126 \\ \hline 18 & 2.02682 & 2.40662 & 2.85434 & 3.37993 & 3.99602 & 4.71712 & 5.55992 & 6.54355 & 7.68997 & 12.37545 \\ \hline 19 & 2.10685 & 2.52695 & 3.02560 & 3.61653 & 4.31570 & 5.14166 & 6.11391 & 7.26334 & 8.61276 & 14.23177 \\ \hline 20 & 2.19112 & 2.65330 & 3.20714 & 3.86968 & 4.66096 & 5.60441 & 6.72750 & 8.06231 & 9.64629 & 16.36654 \\ \hline \end{tabular} TABLE 2 Future Value of an Annuity of 1 \begin{tabular}{rrrrrrrrrrr} \hline 6 & 6.63298 & 6.80191 & 6.97532 & 7.1533 & 7.33592 & 7.52334 & 7.71561 & 7.91286 & 8.11519 & 8.75374 \\ \hline 7 & 7.59629 & 8.14201 & 8.39384 & 8.6540 & 8.92280 & 9.20044 & 9.48717 & 9.78327 & 10.08901 & 11.06690 \\ \hline 8 & 9.21423 & 9.54911 & 9.89747 & 10.2598 & 10.63663 & 11.02847 & 11.43559 & 11.85943 & 12.29969 & 13.72682 \\ \hline 9 & 10.58280 & 11.02656 & 11.49132 & 11.9780 & 12.48756 & 13.02104 & 13.57948 & 14.16397 & 14.77566 & 16.78584 \\ \hline 10 & 12.00611 & 12.57739 & 13.18079 & 13.8164 & 14.48656 & 15.19293 & 1593743 & 16.72201 & 17.54874 & 2030372 \\ \hline \end{tabular} TABLE 3 Present Value of 1 TABLE 4 Present Value of an Annuity of 1