Performing a post-audit of a project completed

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Reference no: EM131213406

Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $241,582, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $46,200 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $250,521, will have a useful life of 11 years, and will produce net annual cash flows of $39,491 per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Evaluate the success of the project. Assume a discount rate of 11%. (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.) Original estimate net present value $Entry field with incorrect answer Revised estimate net present value $Entry field with incorrect answer The project Entry field with correct answer a success.

Reference no: EM131213406

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