Book Show Me How Office 365 Net present value-unequal lives Bunker Hill Mining Company has two competing proposals: a processing mill and an electrie shovel. Both pieces of equipment have an initial investment of $750,000. The net cash flows estimated for the two proposals are as follows: Net Cash Flow Year Processing MIN Electric Shovel 1 $314,000 $345,000 2 267,000 322,000 3 267,000 312,000 252,000 321,000 175,000 6 136,000 7 142.000 8 142.000 The estimated residual value of the processing mill at the end of Year 4 is $290,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below 4 5 X Open spreadsheet Determine which ipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 10%. If required, round to the nearest dollar Processing Mill Electric Shovel