Decp Mines Ltd, of Saskatchewan is contemplating the purchase of equipment to exploit a mineral deposit located 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: Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance and so forth. If is estimated that the mineral deposit would be exhmented affer four years of mining At that polnt, the working capital would be released for reinvestment elsewhere. The company's discount rate is 20%. Click here to view Exhitit 10.1 and Exhlill 10-2, to determine the appropriate discount factor(s) using tables. Required: 1-a. Determine the NPV of the proposed mining project. (Negntive amount should be indicoted with a minus sign. Round discount foctor(s) to 3 decimol ploces. Round other intermediate calculotions and final answer to the nearest whole number.) "Reccipts from sales of ore, less out-of pocket costs for salaries, utilities, insurance and so forth. It is estimated that the mineral deposit would be extausted after four years of mining. At that point, the woiking capitat would be released for reingestment elsewhere. The company s discount rote is 20%. Required: 1-a. Determine the NPV of the proposed mining project. (Negative omount should be indicated with a minus sign. Round discourt toctor(s) to 3 decimal pleces. Pound other intermediete caleulations and final neswer to the narest whole number.) 1-b. Should the profect be accepted? Yes No