Swifty Company is performing a post$-$audit of a project completed one year ago. The initial estimates were that the project would cost

$$245,000,$ would have a useful life of $9$ years, zero salvage value, and would result in net annual cash flows of $$45,000$ per year. Now

that the investment has been in operation for $1$ year, revised figures indicate that it actually cost $$253,000,$ will have a total useful life

of $11$ years $($including the year just completed$),$ and will produce net annual cash flows of $$38,000$ per year. Click here to view PV table.

Evaluate the success of the project. Assume a discount rate of $10\%.($If the net present value is negative, use either a negative sign preceding

the number eg $-45$ or parentheses eg $(45).$ Round present value answers to $0$ decimal places, e$.$g$.125.$ For 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 a success.