2. $ 220,000 $ 155,000 107/214 points awarded Cost of new equipment and timbers $400,000 Working capital required Annual net cash receipts Cost to construct new roads in year three Salvage value of equipment in four years 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 18% Click here to view Exhibit 138-1 and Exhibit 1382. to determine the appropriate discount factor(s) using tables. Required: a. What is the net present value of the proposed mining project? b. Should the project be accepted? Scored eBook Print References 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? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount) Net present value S (242,000)