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Martelle Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $230,000, would have

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Martelle Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $230,000, would have a useful life of nine years and zero salvage value, and would result in net annual cash flows of $45,900 per year. Now that the investment has been in operation for one year, revised figures indicate that actually cost $234,000, will have a useful life of 11 years, and will produce net annual cash flows of $38,700 per year. Assume a discount rate of 129. Click here to view BV boble Calculate the original and revised net present value. (If the net present value is negative, use either a negative sin preceding the number .. or parentheses e.o. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.o. 1.25124 and final answers to decimal places 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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