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Alphn Conl, Limited, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering

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Alphn Conl, Limited, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost anolysis has been made, and it is expected that the following cash flows would be associated weth opening and operating a mine in the area: -Receipts from sales of ore, less out-of-pocket costs for solaries, utilities, insurance, taxes, 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 iequired rate of return is 19%. Required: a. What is the net present value of the proposed mining project? b. Should the project be accepted

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