Bunker Hi . Mining Company has two competing proposals: a processing mill anid an electric shovel, Both pleces of equipment have an initial investment of 5579,407. The net cash fows estimated for the two proposals are as follows: The estimated residual value of the processing mill at the end of Year 4 is $230,000. The estimated residual value of the processing mill at the end of Year 4 is $230,000. Present Value of $1 at Compound Interest Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 12 th. Use the present value table appearing above