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Question 32 (10 points) The following data concern an investment project that the Asanco Gold Mining would like to undertake in Australia. Ignore income taxes

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Question 32 (10 points) The following data concern an investment project that the Asanco Gold Mining would like to undertake in Australia. Ignore income taxes in this project. (Amounts in '000s) Investment in equipment $180,000 Annual net cash inflows $42,000 Salvage value of the equipment $70,000 Working capital required $20,000 Life of the project 5 years Required rate of return 12% The working capital will be released for use elsewhere at the conclusion of the project. Required: Compute Asanco's net present value for this project. Show your work

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