Net 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 Electric Shovel $302,000 $340,000 257,000 316,000 257,000 310,000 258,000 320,000 186,000 136,000 122,000 122.000 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 Open spreadsheet Determine which equipment should be favored, comparing the net pres nearest dollar two proposals and assuming a minimum rate of return of 159. If required, round to the Processing Mill Electric Shovel Net present value S Which project should be favored? Electric Shovel Check My Work more Check My Works remaining Previous