Dakota Mining Company has two competing proposals: a diamond core drill or a hydraulic excavator. Both pieces of equipment have an initial investment of $942,997. The net cash flows estimated for the two proposals are as follows: The estimated residual value of the diamond core drill at the end of Year 4 is $360,000. etermine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 10%. Use the prest alue table appearing above