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Quilten Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $250,000, would have

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Quilten Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $250,000, would have a useful life of years.zero salvage value and would result in net annual cash flows of $14.200 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $263.000, will have a total useful life of 11 years (including the year just completed and will producent annual cash flows of $37,700 per year. Click here to view PV table Evaluate the success of the project. Assume a discount rate of the net present value is negative either a negative sin preceding the number -45 or parentheses (45) Round present your answers to decimal places, s. 125. For oskulation purposes, use 5 decimal places as displayed in the factortable provided) Original estimate net present value 5 Revised estimate net present valot 5 The project a succes

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