B D E F 1 DATA BLOCK: Year Cash Flow -275000 -100000 120000 -40000 65000 100000 14% 0 0 4 3 4 4 Windhoek Mines Inc. Net Present Value Calculation and Recommendation 3 Cost of new equipment 4 Working capital 5 Net annual cash receipts 6 Road repairs 7 Salvage value 8 Release of working capital 9 Required rate of return 10 11 12 13 14 15 16 17 Cost of new equipment 18 Working capital 19 Net annual cash receipts 20 Road repairs 21 Salvage value 22 Release of working capital 23 24 Recommendation: Year(s) Amount of Cash Flows Present Value