1 10 points Hind Print References Windhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. The company estimated the following cash flows related to opening and operating a mine in the area: Cost of new equipment and timbers Working capital required Annual net cash receipts Cost to construct new roads in three years Salvage value of equipment in four years $390,000 $125,000 5 140,000+ $ 45,000 $ 70,000 Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth. The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company's required rate of return is 21% Click here to view Exhibit 148-1 and Exhibit 148-2 to determine the appropriate discount factor(s) using tabies. Required: a. What is the net present value of the proposed mining project? b. Should the project be accepted? Complete this question by entering your answers in the tabs below. Required A Required B What is the net present value of the proposed mining project? Note: Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount. Net present value EXHIBIT 148-1 Present Value of $1; ( Periods 4% 5% 6% 7% 8% 9% 1 0926 12% 13% 0.893 0885 2 3 4 5 0822 0.784 0.747 6 7 0.760 0.711 8 0.731 0.677 9 0.703 0.645 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2N 29 30 40 10% 11% 14% 15% 16% 17% 18% 19% 0.962 0.952 0.943 0.935 0917 20% 21% 22% 23% 24% 25% 0.909 0.901 0877 0.870 0.862 0.855 0925 0907 0.890 0.873 0.847 0.340 0833 0826 0.820 0.813 0.06 0.800 0857 0.342 0.826 0812 0.797 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0694 0683 0.672 0661 0650 0640 0889 0864 0.840 0.816 0.794 0.772 0.751 0.731 0.712 0693 0.675 0.658 0.641 0.624 0.609 0.593 0579 0.564 0.551 0855 0823 0.792 0.537 0.524 0512 0.763 0.735 0.708 0683 0.659 0636 0.613 0.592 0572 0552 0.534 0.516 0.451 0.499 0.482 0467 0.437 0423 0713 0.681 0410 0.650 0621 0.593 0.567 0543 0519 0.497 0476 0.456 0.437 0419 0.402 0.386 0370 0355 0.341 0.790 0.746 0.705 0.666 0.328 0630 0.596 0.564 0.535 0.507 0480 0456 0432 0410 0.390 0.370 0.352 0335 0319 0303 0.289 0.275 0.262 0.665 0.623 0.583 0.547 0.513 0482 0.452 0.425 0.400 0.376 0.354 0333 0314 0296 0279 0263 0.249 0235 0.222 0.210 0.627 0.582 0.540 0.502 0.467 0.434 0404 0.376 0351 0327 0305 0.285 0.266 0.249 0233 0218 0.204 0.191 0.179 0.168 0.592 0.544 0.500 0460 0424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0209 0.194 0.180 0167 0.676 0.614 0.558 0.155 0.144 0.134 0.508 0.463 0422 0.386 0.352 0322 0.295 0.270 0247 0227 0.208 0.191 0.176 0.162 0.149 0.137 0126 0116 0.107 0.650 0.585 0.527 0475 0429 0.388 0.350 0.317 0.287 0.261 0.237 0215 0.195 0.178 0.162 0.148 0.135 0.123 0.112 0.103 0.094 0.625 0.557 0497 0.444 0.997 0.356 0319 0.286 0.257 0.231 0.086 0.208 0187 0.168 0.152 0.137 0.124 0.112 0102 0.092 0.083 0.076 0069 0.601 0530 0469 0415 0.368 0.326 0.290 0.258 0229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0068 0.061 0055 0577 0.505 0.442 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0141 0.125 0.111 0099 0088 0078 0.069 0.062 0.055 0049 0044 0.555 0481 0417 0362 0315 0.275 0.239 0209 0.183 0.160 0.140 0.123 0.108 0.095 0.064 0074 0065 0.057 0.051 0045 0040 0.035 0534 0458 0.394 0339 0.292 0252 0.218 0.188 0.163 0.141 0.123 0.107 0.093 0.081 0071 0062 0.054 0047 0042 0036 0012 0028 0513 0436 0.371 0.317 0.270 0.231 0.198 0170 0146 0.125 0.108 0.093 0.080 0069 0060 0052 0045 0019 0034 0030 0026 0.023 0.494 0.416 0.350 0.296 0.250 0212 0.180 0.153 0130 0111 0.095 0.081 0069 0.059 0.051 0.044 0038 0012 0028 0.024 0.021 0018 0.475 0.396 0331 0.277 0232 0.194 0.164 0.138 0.116 0098 0.083 0070 0060 0051 0043 0.037 0031 0027 0023 0020 0017 0014 0.456 0.377 0312 0.258 0.215 0.178 0.149 0.124 0104 0.087 0.073 0061 0051 0043 0037 0.031 0.026 0022 0019 0016 0014 0.012 0439 0.359 0294 0.242 0.199 0.164 0.135 0.112 0093 0.077 0064 0.053 0044 0037 0031 0026 0022 0018 0015 0013 0.011 0.009 0422 0.342 0.278 0.226 0.184 0.150 0.123 0.101 0083 0068 0056 0046 0038 0032 0026 0022 0018 0015 0015 0011 0009 0.007 0406 0.326 0.262 0211 0.170 0.138 0.112 0091 0074 0060 0049 0040 0.033 0.027 0022 0015 0015 0012 0.010 0.009 0.007 0.006 0.390 0310 0.247 0.197 0.158 0126 0.102 0082 0.066 0053 0043 0035 0028 0023 0019 0815 0013 0.010 0.008 0.007 0.006 0.005 0.375 0.295 0.233 0184 0.146 0.116 0.092 0074 0.059 0.047 0.038 0.000 0.024 0.020 0016 0013 0010 0.009 0.007 0.006 0.005 0.004 0.361 0281 0.220 0.172 0.135 0.106 0.084 0.066 0.053 0.042 0.033 0.026 0021 0017 0014 0011 0.009 0.007 0.006 0005 0004 0.003 0.347 0.268 0207 0.161 0.125 0.098 0.076 0.060 0047 0037 0029 0023 0018 0014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0.002 0.333 0.255 0.196 0.150 0.116 0.090 0069 0.054 0042 0033 0026 0020 0016 0012 0010 0.008 0.006 0.005 0004 0.003 0.002 0.002 0.321 0.243 0.185 0.141 0.107 0.082 0063 0048 0037 0029 0022 0017 0014 0011 0008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.033 0.026 0020 0015 0012 0.009 0.007 0.005 0.004 0.003 0003 0.002 0.002 0001 0.208 0142 0.097 0.067 0.046 0.032 0.022 0.015 0.011 0.008 0.005 0.004 0003 0002 0001 0001 0.001 0.000 0000 0000 0000 0000 EXHIBIT 148-2 Present Value of an Annuity of $1 in Arrears. (1+r)") in Linkedin Indeed NASM CPT Study Anatomy Download 1 2 Periods 4% 0.962 0.952 0.943 1.886 1859 1.833 5% 6% 3 2.775 2.723 2673 4 3.630 3546 3465 S 4452 4.329 4.212 6 5.242 5.076 4917 7 6.002 5.786 5.582 6.733 6.463 6.210 9 7435 7.108 6.802 7% 8% 9% 0.935 0.926 0.917 1808 1.783 1.759 2624 2.577 2531 3.387 3312 3.240 4.100 3.993 3890 4.767 4.623 4.486 5.389 5.206 5033 5971 5.747 5.535 6.515 6.247 5995 10 8.111 7.722 7.360 7024 11 12 13 14 8.760 8.306 7387 9385 8.863 8.384 9.986 9.394 8.853 10.363 9.899 9.295 15 11 118 10.380 9.712 9.108 16 11.652 10 838 10.106 9.447 17 12.166 11 274 10.477 9.763 8544 8.022 18 19 20 9.129 8514 21 14.029 12 821 22 23 24 25 8.422 26 27 8.548 28 8602 29 7.984 8.022 30 40 8.650 8.694 8.055 7496 8244 7.634 10% 11% 12% 13% 14% 15% 16% 17% 18% 0909 0.901 0.893 0.885 0.877 19% 20% 21% 0870 0862 0855 0.847 0.840 0.833 0.826 1.736 1.713 1690 1.668 1.647 1.626 1.605 1585 1566 1547 1.528 1.509 2.487 2444 2.402 2.361 2.322 2.283 2246 2210 2.174 2140 2.106 2074 3.170 3.102 3.037 2.974 2914 2.855 2.796 2.743 2.690 2.639 2.589 2.540 3.791 3696 3.605 3517 3.433 3.352 3.274 3.199 3.127 3058 2991 2.926 4355 4.231 4.111 3.998 3889 3.784 3.685 3.589 3.498 3.410 3326 3.245 4.868 4,712 4.564 4423 4288 4.160 4.039 3.922 3812 3.706 3.605 3.508 5335 5.146 4.968 4.799 4639 4487 4.344 4.207 4078 3.954 3837 3.726 3,619 5.759 5.537 5.328 5.132 4946 4.772 4607 4451 4303 4.163 4031 3905 3.786 3.673 6710 6418 6.145 5.889 5650 5426 5216 5019 4833 4.659 4.494 4339 4.192 4.054 3.923 3.799 7.499 7.139 6.805 6.495 6207 5.938 5.687 5453 5234 5.029 4.656 4.486 4327 4.177 4.035 7943 7536 7.161 6314 6.492 6.194 5918 5.660 5.421 5.197 4988 4793 4611 4439 4.278 4.127 3.985 8.358 7.904 7487 7.103 6.750 6424 6.122 5842 5.583 5.342 5.118 4.910 4.715 4533 4362 4.203 4053 8.745 8.244 7.786 7367 6982 6628 6302 6002 5.724 5468 5.229 5.008 4.802 4.611 8.559 8.061 7606 7.191 4432 4.265 4.108 6.811 6462 6.142 5847 5575 5324 5092 4876 4675 4489 8851 4315 4.153 8.313 7824 7379 6974 6.604 6265 5954 5.668 5405 5.162 4938 4.730 4.336 4.357 9122 4.189 7.549 7.120 6.729 6373 6017 5.749 5.475 5.222 4.990 4.775 4.576 4.391 4219 12.659 11.690 10.828 10 059 9372 8.756 8.201 7.702 7250 6.840 6.467 6.128 5818 5534 5273 5033 4812 4.608 13.134 12.085 11.158 10.336 9604 8.950 8.365 7.839 7.366 6.938 6.550 6.198 5877 5584 5316 5070 4.843 4.635 4.442 4263 13.590 12 462 11.470 10.594 9818 4097 7.963 7469 7025 6623 6259 5.929 5628 5.353 5.101 4.870 4657 4.460 4.279 4.110 11.764 10.836 10.017 9.292 8.649 8075 7562 7.102 6.687 6.312 5.973 5665 5.384 5.127 4.891 4675 4.476 4.292 14.451 13.163 12.042 11.061 10.201 9.442 8.772 8.176 7.645 7.170 6.743 6.359 6011 5.096 5410 5.149 4.909 4.690 4.488 4302 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8266 7.718 7.230 6.792 6.399 6044 5.723 5.432 5.167 4.925 4.703 4,499 4311 15.247 13.799 12.550 11.469 10.529 9.707 8.985 8.348 7.784 7.283 6835 6434 6073 5.746 15.622 14.094 12.783 11.654 10.675 9.823 9077 7.843 7.330 6.873 6.464 6097 5.766 15.983 14.375 13 003 11.826 10.810 9.929 9.161 8.488 7.896 7.372 6.906 6.491 6118 5783 16.330 14.643 13.211 11.987 10.935 10027 9.237 7.943 7409 6.935 6514 6.136 5.798 5492 16.663 14.898 13.406 12.137 11.051 10.116 9.307 7.441 6.961 6534 6152 5.810 5.502 16.984 15.141 13591 12.278 11.158 10.198 9370 7470 6983 6.551 6.166 5820 5510 17.292 15.372 13.765 12.409 11.258 10.274 9427 7.003 6.566 6.177 5.829 5.517 19.793 17 159 15.046 13.332 11.925 10.757 9779 8.951 7.105 6642 6.233 5871 5548 22% 23% 24% 25% 0820 0.813 0806 0.800 1492 1474 1457 1440 2042 2011 1981 1952 2494 2.448 2.404 2.362 2364 2.803 2.745 2.689 3.167 3.092 3020 3416 2.951 3.327 3242 3.161 3318 3421 3.329 3366 3.463 3.682 3571 4836 3.776 3.902 3656 3851 3.912 3.780 3.725 3.962 3824 4001 3.859 4033 4059 3910 4.419 4243 4.080 3.928 3.887 3.942 3954 4.121 3.963 4.130 4.137 3.976 5451 5.182 4937 4.713 4.507 4318 4.143 3.981 5467 5.195 4948 4.721 4514 4.323 4.147 3985 5.480 5206 4956 4.728 4.520 4.328 4.151 3.988 5215 4964 4.734 4524 4332 4154 3.990 5.223 4970 4.739 4.528 4.335 4:157 3.992 5.229 4.975 4.743 4.531 4337 4,159 3.994 5.235 4.979 4.746 4534 4.339 4.160 3.995 3258 4997 4.760 4544 4.347 4.166 3.999 3.970