Cullumber Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost$223,000, would have a useful life of 9 years and zero salvage value, and would result in net anntal cash flows of $44,600 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $226,000, will have a total useful life of 11 years (including the year just completed). and will produce net annual cash flows of $37,100 per year. Click here to view PV table. Evaluate the success of the project. Assume a discount rate of 12%, (ff the net present value is negathe, use either a negative sign precedins the number es 45 or parentheses es (45). Round present value answers to 0 decimal places, es 125. For colculation purposes, use 5 decimal places as displayed in the factor table provided) Original estimate net present value Revised estimate net present value $ The project a success. Attempts: 2 of 5 used