BE Windhoek Mines Ltd. of Namibia is contemplating the purchase of equipment to exploita mineral deposit located on and to which the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area: Cost of new ciment and Timbers Working capital required Net annual cash receipts Cast to construct new roads in three years Salvage value of guiment in four years R225,000 93.000 108 000 48.000 53,250 "Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth, (The currency in Namibia is the rand, here denoted by R.) it is estimated that 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 discount rate is 22%. Click here to view Exhibit 10-1 and Exhibit 10-2. to determine the appropriate discount factors) using tables. Required: 1-0. Determine the NPV of the proposed mining project. (Negative amount should be indicated with a minus sign. Round discount foctor(s) to 3 decimal places. Round other intermediate calculations and final answer to the nearest whole number.) Notpunon value 1-b. Should the project be accepted? Yes O No PE