Problem 12-16 Net Present Value Analysis [LO12-2] Windhoek Mines, Ltd. of Namibus contemplating the purchase of equipment to exploita mineral deposit on and to which the company has mineral nights. An engineering and cost analysis has been made, and it is expected that the following be associated with opening and operating a mine in the area Cost of new equipment and timbers Working capital required Annual net cash receipts Cost to construct new roads in year three Salvage value of equipment in four years 30, 120000 135.BA HA 69, "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 12B-2. to determine the appropriate discount factors) using tables Required: a. What is the net present value of the proposed mining project? b. Should the project be accepted