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Deep Mines Ltd of Saskatchewan is contemplating the purchase of equipment to exploit a mineral deposit located on land to which the company has mineral

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Deep Mines Ltd of Saskatchewan is contemplating the purchase of equipment to exploit a mineral deposit located on land to which the company has mineral tights. 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, utilties, insurance and so forth It is estimated that the mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere The company's discount rate is 20% Click here to view and Exhibit 10-2, to determine the appropriate discount factor(s) using tables Required: 1-a. Determine the NPV of the proposed mining project. (Negative omount should be indicoted with o minus sign. Round discount foctor(s) to 3 decimol places. Round other intermediate calculations and final answer to the nearest whole number.)

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