Sarasota Company is performing a post-audit of a project that was estimated to cost $510,000, have a useful life of 6 years with a zero salvage value, and result in annual net cash flows of $122,500 per year. The company's required rate of return is 10%. After the investment was in operation for a year, revised figures indicate that it actually cost $547,000, will have a 9 -year useful life, and will produce annual net cash flows of $92,000. The present value of an annuity of 1 for 6 years at 10% is 4.35526 and for 9 years is 5.75902 Calculate the net present value based on the actual amounts. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net present value Determine whether the project should have been accepted