Q. See the below screenshot and answer the question.

Sandhill Company,I is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $229,000, would have a useful life of 9 years and zero salvage value, and would result in net annual cash ows of $44000 per year. Nowthat the investment has been in operation for 1 year. revised gures indicate that it actually cost $247,000, will have a total useful life of 11 years (including the yearjust completed), and will produce net annual cash ows of $39200 per year. Click here to view PV table Evaluate the success of the project. Assume a discount rate of 1 1%. [if the net present value is negative, use either a negative sign preceding the number e3 45 or parentheses 431,915). Round present value answers to 0 decimal places. eg. 125. Far calculation purposes, use 5 decimal places as displayed in the factor table provided.) Original estimate net present value $ Revised estimate net present value $ The project v a success