View Policies Current Attempt in Progress Sheridan Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $244,000, would have a useful life of 9 years and zero salvage value, and would result in net annual cash flows of $46,700 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $254.000, will have a total useful life of 11 years (including the year just completed), and will produce net annual cash flows of $40,100 per year. Click here to view PV table Evaluate the success of the project. Assume a discount rate of 11%. Of the net present value is negative, use either a negative sin preceding the number eg -45 or parentheses es (45). Round present value answers to decimal places.es. 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