Grouper Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $525,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $97,000 per year Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $559,000, will have a useful life of 11 years, and will produce net annual cash flows of $84,000 per year. TABLE 3 Present Value of 1 (11) Periods 12345 4% .96154 .92456 .88900 5% 6% 7% 8% 9% 10% 11% 12% 15% .95238 .90703 .89000 94340 0.93458 .92593 .91743 .90909 .90090 .89286 .86957. 0.87344 .85734 .84168 .82645 .81162 .79719 .75614 .86384 .83962 0.81630 .79383 .77218 .75132 .73119 .71178 .65752 .85480 .82270 .79209 0.76290 .82193 .78353 .74726 0.71299 678901: .79031 .74622 .70496 0.66634 .73503 .70843 .68058 .64993 .63017 .68301 .65873 .63552 .57175 .62092 .59345 .56743 .49718 .59627 .56447 .53464 .50663 43233 .75992 .71068 .66506 0.62275 .58349 .54703 .51316 .48166 .45235 .37594 .73069 .67684 .62741 0.58201 .54027 .50187 .46651 43393 .40388 .32690 .70259 .64461 .59190 0.54393 .50025 .46043 42410 .39092 .36061 28426 .67556 .61391 .55839 0.50835 .46319 .42241 .385541 35218 .32197 .24719 11 .64958 .58468 52679 0.47509 42888 .38753 .35049 .31728 .28748 21494 12 .62460 .55684 .49697 0.444011 .39711 .35554 .31863 .28584 .25668 .18691 13 .60057 .53032 14 .57748 .50507 15 .55526 .48102 16 .53391 .45811 .51337 18. .49363 0.33873. 43630 .37136 0.31657 41552 35034 0.29586 .46884 .44230 0.38782 .41727 0.36245 .39365 0.41496 .36770 .32618 28966 25751 .22917 .16253. .34046 .29925 26333 .23199 .20462 .14133 31524 .27454 .23939 .20900 .18270 .12289 .29189 .25187 .27027 .23107 25025 21199 21763 .18829 .16312 .10687 .19785 .16963. .14564 .09293 17986 .15282 13004 08081 (n) Payments -/5 E 4% 5% 6% 12345678902: .96154 11 13 9.98565 8.86325 9.39357 14 15 16 17 18 19 20 7% 8% 9% 10% .95238 .94340 0.93458 .92593 .91743 1.88609 .90909 90090 1.85941 .89286 1.83339 1.80802 1.78326 1.75911 2.77509 1.73554 1.71252 2.72325 2.67301 1.69005 1.62571 2.62432 2.57710 2.53130 3.62990 2.48685 2.44371 2.40183 2.28323 3.54595 3.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 4.45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 5.24214 5.07569 4.91732 6.00205 5.78637 5.58238 6.73274 6.46321 6.20979 7.43533 7.10782 6.80169 8.11090 7.72173 7.36009 8.76048 8.30641 7.88687 9.38507 8.38384 8.85268 10.56312 9.89864 9.29498 11.11839 10.37966 9.71225 11.65230 10.83777 10.10590 12.16567 11.27407 10.47726 12.65930 11.68959 10.82760 13.13394 12.08532 11.15812 13.59033 12.46221 11.46992 11% 12% 15% .86957 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 5.95424 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 C Ad Qu luate the success of the project. The company's discount rate is 10%. (Use the above table.) (Round factor values to 5 decimal places, 225124 and final answers to O decimal places, e.g. 5,275.) Ace Net present value The original project was Original estimate $ Revised estimate