Nindhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit 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 e 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. 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 18%. Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using tables. Required: What is the net present value of the proposed mining project? b. Should the project be accepted? What is the net present value of the proposed mining project? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) EXHIBIT 12B-1 Present Value of $1:((1+r))n1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Perieds & 4% & 5% & 65 & 7% & 8% & 94 & 10% & 11% & 12% & 13% & 145 & 15% & 164 & 17% & 18% & 19% & 205 & 21% & 225 & 23% & 24% & 254 \\ \hline 1 & 0962 & 0952 & 0943 & 0.935 & 0926 & 0.917 & 0909 & 0.901 & 0.893 & 0 ons & 0s & 0.870 & 062 & 0.855 & 0.547 & & 0.833 & 026 & 020 & 0.813 & 0.806 & 0.800 \\ \hline 2 & 1886 & 1859 & 1833 & & 1.783 & 1.759 & 1.735 & 1.713 & 1.690 & 1008 & 1.647 & 1.626 & 1605 & 1585 & 1566 & 1347 & 1528 & 1509 & 1.492 & 1.474 & 1.457 & 1.440 \\ \hline 3 & 2.775 & 2.723 & 2673 & 2634 & 2577 & 2531 & 2.457 & 2.444 & 2402 & 236t & 2322 & 2263 & 2246 & 2210 & 2.174 & 2.140 & 2.100 & 2074 & 2042 & 2011 & 1991 & 1.952 \\ \hline 4 & 3630 & 3346 & 3,465 & 3.357 & 3312 & 3.240 & 3.170 & 3.102 & 3037 & 2.974 & 2914 & 2 \$35 & 2.798 & 2743 & 2.600 & 2639 & 2589 & 2540 & 2.494 & 2448 & 2404 & 2,362 \\ \hline 5 & 4.452 & 4329 & 4212 & 4,100 & 3993 & 3890 & 3.791 & 3696 & 3605 & 3517 & 3433 & 3.352 & 3274 & 3.199 & 3.127 & 3.058 & 2501 & 2926 & 2.864 & 2803 & 2745 & 2009 \\ \hline 6 & 5242 & 5007 & 4917 & 4.767 & 4.623 & 4.486 & 4355 & 4231 & 4.111 & 3995 & 3.869 & 3784 & 3.685 & 3589 & 3498 & 3410 & 3326 & 3.245 & 3.167 & 3.092 & 3.020 & 2951 \\ \hline 7 & 6002 & 5.786 & 5352 & 5389 & 5205 & 5033 & 4,568 & 4712 & 4564 & 4.423 & 4268 & 4.160 & 403 & 3922 & 3.812 & 3,706 & 3,605 & 3506 & 3.416 & 3327 & 3,242 & 3.161 \\ \hline 8 & 6.733 & 6.463 & 6.210 & 5971 & 5.747 & 5335 & 5.335 & 5.146 & 4968 & 4,799 & 4619 & 4487 & 4.344 & 4207 & 4078 & 3954 & 3837 & 3726 & 3.619 & 3518 & 3.421 & 3329 \\ \hline 9 & 7435 & 7.108 & 6802 & 6515 & 6.247 & 5905 & 5.739 & 5537 & 5325 & 5.132 & 4946 & 4.772 & 4607 & 4.451 & 4103 & 4.153 & 4031 & 3905 & 3.786 & 3.673 & 3.566 & 3.463 \\ \hline 10 & 8.111 & 7.722 & 7360 & 7024 & 6.710 & 6418 & 6.145 & 560 & 5650 & 3.426 & 5216 & 5019 & 4833 & 4659 & 4.494 & 4339 & 4.192 & & 3.923 & 3.290 & 3.582 & 3.571 \\ \hline 11 & 8.760 & 8.306 & 7357 & 7A99 & 7.139 & 6.005 & 6.495 & 637 & 3.938 & 5.687 & 5.453 & 5224 & 5020 & 4.846 & 4656 & 4.486 & 4327 & 4.17 & 4035 & 3902 & 3.776 & 3656 \\ \hline 12 & 9355 & 863 & 8334 & 7943 & 7536 & 7.161 & 6.814 & 6.492 & 6% & 5918 & 5660 & 5.421 & 5.197 & 4.965 & 4793 & 4611 & 4.439 & 4.27S & 4.127 & 3.985 & 3.851 & 3.725 \\ \hline 13 & 9965 & 9394 & 833 & 8355 & 7904 & 7487 & 7.103 & 6.750 & 6.424 & 612 & 3842 & 5.583 & 5342 & 5.118 & 4910 & 4.715 & 4533 & 4362 & 4.203 & 4053 & 3912 & 3.780 \\ \hline 14 & 1063 & 9899 & 9295 & 8.745 & 8.244 & 7.766 & 7367 & 6982 & 6628 & 6302 & 6,002 & 5.724 & 3468 & 3229 & 5000 & 4.802 & 4.611 & 4432 & 4265 & 4.108 & 3962 & 324 \\ \hline 15 & 11.118 & 10.350 & 9.712 & 9.108 & 8.559 & B.061 & 7606 & 7.194 & 6811 & 6.462 & 6.142 & 5847 & 5375 & 5324 & 509 & 4.976 & 4.675 & 4.459 & 4315 & 4.153 & 400t & 3859 \\ \hline 16 & 11.652 & 10.85 & 10.106 & 9A47 & 8.851 & 8313 & 7824 & 7359 & 6974 & 6604 & 6265 & 5984 & 5.669 & 5.405 & 5.162 & 4938 & 4.750 & 4536 & 4357 & 4.189 & 4033 & 3887 \\ \hline 17 & 12166 & 11274 & 10.477 & 9.763 & 9.12 & 8344 & 8022 & 7349 & 7.120 & 6.729 & 6373 & 6047 & 5.749 & 5.475 & 5222 & 4900 & 4,775 & 4.576 & 4391 & 4219 & 4.099 & 3910 \\ \hline 18 & 12.699 & 11600 & 1028 & 10.059 & 9372 & 8.756 & 8.201 & 7.402 & 7250 & 6820 & 6467 & 6.128 & 5818 & 5,534 & 5.273 & 5033 & 412 & 4.608 & 4.419 & 4243 & 4000 & 3928 \\ \hline 19 & 13.134 & 12003 & 11.158 & 1033 & 9.604 & 8950 & 8365 & 7839 & 7366 & 6958 & 6.550 & 6.198 & 5877 & 5584 & 5316 & 50% & 4.843 & 4.635 & 4.442 & 4263 & 4097 & 3942 \\ \hline 20 & 13390 & 12.462 & 11420 & 10594 & 918 & 9.129 & 8.514 & 7.563 & 7.469 & 703 & 6623 & 6259 & 5029 & 5628 & 5353 & 3,101 & 470 & 4657 & 4.460 & 4279 & 4.110 & 3954 \\ \hline 21 & 14029 & 12.821 & 11.764 & 10.85 & 10017 & 92M & 8,649 & 8075 & 7562 & 7.102 & 6.657 & 6312 & 5973 & 5665 & 5,384 & 5.127 & 4891 & 4.675 & 4.476 & 4292 & 4,121 & 3.963 \\ \hline 22 & 4A51 & 13.163 & 12042 & 11,061 & 10201 & 9442 & 8.772 & 8.176 & 7.645 & 7,170 & 6743 & 6359 & 6011 & 5.095 & 5410 & 5.149 & 4509 & 4.690 & 4.458 & 4.302 & 4.130 & 3970 \\ \hline 23 & 14ks7 & 13.489 & 12303 & 11.272 & 1037 & 9580 & 8.883 & 8266 & 7,718 & 7250 & 6.792 & 6.599 & 604 & 5.723 & 5.432 & 5.167 & 4.925 & 4.703 & 4.498 & 4311 & 4.137 & 3976 \\ \hline 24 & 15247 & 13.999 & 12590 & 11.469 & 10$29 & 9707 & 8985 & 8.345 & 7.784 & 7283 & 6.853 & 6.434 & 6MP & 5.746 & 5AS1 & 3.152 & 4937 & 4.713 & 4507 & 4318 & 4.143 & 3.981 \\ \hline 25 & 15622 & 14.024 & 12783 & 11.654 & 10.675 & 923 & 9077 & 8.422 & 743 & 7340 & 6.873 & 6.464 & 609 & 5.766 & 5.467 & 5.195 & 4955 & 4,721 & 4514 & 4.323 & 4.147 & 3.965 \\ \hline 26 & 15.963 & 14375 & 13,003 & 11.826 & 10810 & 9920 & 9.161 & 8.488 & 7.8% & 7312 & 6.906 & 6.491 & 6.118 & 5.783 & 5.40 & 5206 & 4.956 & 4728 & 4.520 & 4328 & 4,151 & 3.908 \\ \hline 27 & 16330 & 14643 & 13211 & 11.987 & 10935 & 10.027 & 9237 & 3548 & 7943 & 7,400 & 6,935 & 6514 & 6136 & 5.798 & 5.492 & 5215 & 4.964 & 4,734 & 4524 & 4332 & 4.154 & 3990 \\ \hline 28 & 16663 & 14.898 & 13406 & 12.137 & 11001 & 10.116 & 9307 & 8.602 & 7984 & 7441 & 6%1 & 6534 & 6.152 & 5.810 & 5902 & 5,223 & 450 & 4.739 & 4.528 & 4335 & 4.157 & 3992 \\ \hline 29 & 16.984 & 15.141 & 1351 & 12258 & 11.158 & 10.19g & 930 & 8650 & 8sen2 & 7,470 & 6983 & 6551 & 6.166 & 3.820 & 5510 & 5229 & 4.973 & 4,743 & 4531 & 4,337 & 4.199 & 3994 \\ \hline (5) & 17292 & 15372 & 13.768 & 12.409 & 11258 & 10274 & 9427 & 8.624 & 80055 & 7.496 & 7003 & 6566 & 6.177 & 5529 & 5317 & 5235 & 4979 & 4,746 & 4534 & 4339 & 4.160 & 3995 \\ \hline & 19.793 & 17.159 & 15056 & 13332 & 11935 & 10757 & 9779 & 8951 & 8244 & 7634 & 7.105 & 6642 & 6.233 & 5871 & 5348 & 5258 & 4.997 & 4.760 & 4554 & 4347 & 4.166 & 3999 \\ \hline \end{tabular}