bove & Exit Submit Check my work Windhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land 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 equipment and timbers $410,000 working capital required $ 210,000 Annual net cash receipts $ 145 Cost to construct new roads in year three $62, Salvage value of net in four years $ 3,00 "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 capitol would be released for reinvestment elsewhere. The company's required rate of return is 18% Click here to view Extabat.148_1 and Exhibit 148.2, to determine the appropriate discount factory osing tables, Required: a What is the net present value of the proposed mining project? . Should the project be accepted? Complete this question by entering your answers in the tabs below. llegured A llegue What is the net present value of the proposed mining oject?tnter nostiver with a mis on your a. What is the net present value of the proposed mining project? b. Should the project be accepted? 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 presentate