Current Attempt in Progress Martelle Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $256,000, would have a useful life of nine years and zero salvage value and would result in net annual cash flows of $46,900 per year. Now that the investment has been in operation for one year, revised figures indicate that it actually cost $265.000, will have a useful life of 11 years, and will produce net annual cash flows of $40,300 per year. Assume a discount rate of 10%. Click here to view PV table Calculate the original and revised net present value. (If the net present value is negotive, use either a negative sign preceding the number es. 45 or parentheses es (45). For calculation purposes, use S decimal places as displayed in the factor table provided, es 1.25124 and final answers to decimal places eg. 5.275.) Original net present value $ Revised net present value $ Does the project turn out as successful as predicted? The project > as successful as predicted. e Textbook and Media Save for Later ASU