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oudy Question 27 of 28 -/11 E Flint Company is performing a post-audit of a project completed one year ago. The initial estimates were
oudy Question 27 of 28 -/11 E Flint Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $590,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $110,000 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $644,000, will have a useful life of 11 years, and will produce net annual cash flows of $97,000 per year. Click here to view PV tables. Evaluate the success of the project. The company's discount rate is 10%. (Use the above table.) (Round factor values to 5 decimal places, eg. 1.25124 and final answers to O decimal places, e.g. 5,275.) Original estimate Net present value The original project was Revised estimate Attometer of twend
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