CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 25-06 Your answer is partially correct. Try again. Sheffield Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $230,000, would have a useful life of years, zero salvage value, and would result in net annual cash flows of $14,200 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost $240,000, 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 11%. (Ir 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 o 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 is not The project a success Click if you would like to Show Work for this questioni Open Show Work