Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel, Both pieces of equipment have an initiol investment of 5594,138 . The net cash flows estimated for the two proposals are as follows: The estimated residual value ofthe processing inill at the end of Year 4 is $240,000. The estimated residual value of the processing mill at the end of Year 4 is $240,000. 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 retum of 12%. Use the present value table oppearing above