Riverbed Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $560,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $104,000 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $604,000, will have a useful life of 11 years, and will produce net annual cash flows of $91,000 per year. TABLE 3 Present Value of 1 Periods 1 234567 HASAN BERDA 8 9 10 11 12 13 14 15 16 17 18 19 20 6% 7% 4% 5% .96154 95238 94340 0.93458 .92456 .90703 .89000 0.87344 88900 .86384 .85480 .82270 .82193 78353 .79031 .74622 71068 .75992 .73069 .67684 .70259 .64461 .67556 .61391 .64958 62460 .60057 57748 55526 53391 51337 49363 47464 45639 58468 55684 53032 50507 48102 8% 9% 92593 91743 85734 .84168 .83962 0.81630 .79383 77218 .75132 .73119 79209 0.76290 73503 70843 .68301 .65873 74726 0.71299 .68058 .64993 .62092 59345 70496 0.66634 63017 59627 56447 .66506 0.62275 58349 54703 51316 .62741 0.58201 54027 50187 59190 0.54393 50025 46043 .55839 0.50835 46319 42241 52679 0.47509 42888 38753 49697 0.44401 39711 35554 46884 0.41496 36770 32618 44230 0.38782 34046 29925 41727 0.36245 31524 27454 0.33873 29189 27027 25025 23171 21455 45811 43630 41552 35034 0.29586 ,39573 33051 0,27615 .37689 31180 0.25842 39365 37136 0.31657 10% 11% 12% .89286 .90909 .90090 .82645 .81162 .79719 .71178 63552 .56743 25187 23107 21199 19449 17843 53464 .50663 48166 45235 43393 .40388 .46651 42410 .39092 .36061 .38554 35218 .32197 35049 31728 .28748 31863 28584 28966 .26333 23939 21763 19785 17986 16351 14864 25668 25751 .22917 23199 20462 20900 18270 18829 16312 14564 16963 15282 13768 12403 13004 11611 10367 15% .86957 75614 .65752 57175 .49718 43233 37594 .32690 28426 24719 21494 .18691 16253 14133 .12289 10687 09293 08081 07027 06110 TABLE 4 Present Value of an Annuity of 1 (n) Payments 4% 2 3 4 5 6 7 8 690123AS 11 14 15 61592 17 18 20 7% 8% 9% 10% 11% 12% 15% 0.93458 .92593 .91743 .90909 .90090 .89286 .86957 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 5.24214 5.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 6.73274 6.46321 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916. 6.97399 5.95424 12.16567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 12.65930 11.68959 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 13.13394 12.08532 11.15812 10,33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 5% 6% .96154 .95238 .94340 1.88609 1.85941 1.83339 2.77509 2.72325 2.67301 3.62990 3.54595 3.46511 4.45182 4.32948 4.21236 Evaluate the success of the project. The company's discount rate is 10%. (Use the above table.) (Round factor values to 5 decimal places, es 1.25124 and final answers to 0 decimal places, e.g. 5,275.) Evaluate the success of the project. The company's discount rate is 10%. (Use the above table.) (Round factor values to 5 decimal places, es 1.25124 and final answers to 0 decimal places, eg. 5,275.) Original estimate Net present value $ The original project was Revised estimate