Brief Exercise 26-6 Your answer is partially correct. Try again. Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $247,260, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $45,400 per year. Now that the investment has been in peration for 1 year, revised figures indicate that it actually cost $247,476, will have a total useful life of 11 years, and will produce net annual cash flows of $37,300 per year.Click here to view PV table. Evaluate the success of the project. Assume a discount rate of 10%. (If the nel present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answers to 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 is not a success