et present value-unequal lives Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial investment of $790,000. The net cash flows estimated for the two proposals are as follows: !!!!! Year

Net Cash Flow Processing Mill $319,000 269,000 269,000 251,000 172,000 122,000 146,000 146,000 Electric Shovel The estimated residual value of the processing mill at the end of Year 4 is $270,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. $335,000 322,000 324,000 311,000 Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 10%. If required, round to the nearest dollar.