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Nindhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the ompany has mineral rights.

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Nindhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the ompany has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows woulc pe 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. She mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for einvestment elsewhere. The company's required rate of return is 18%. Click here to view and to determine the appropriate discount factor(s) using tables. Required: What is the net present value of the proposed mining project? Whould the project be accepted? Complete this question by entering your answers in the tabs below

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