II. Wonderful Mines Ltd. Of Namibia, is contemplating purchase of equipment to exploit a mineral deposit on land to which the company has minerat 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: 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 required rate of return is 20%. Ignoring Income taxes determine the net present value of the proposed mining project. Should the project be accepted? Explain. (15 Marks) II. Wonderful Mines Ltd. Of Namibia, is contemplating purchase of equipment to exploit a mineral deposit on land to which the company has minerat 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: 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 required rate of return is 20%. Ignoring Income taxes determine the net present value of the proposed mining project. Should the project be accepted? Explain. (15 Marks)