Saved Help Save & Exit Present Value Analysis Check Windhoek Mines, Ltd. 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 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 $ 275,000 $ 100,000 $ 120,000 $ 40,000 5 65,000 "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 20% Click here to view Exhibit. 128.1 and Exhibit 12B-2 to determine the appropriate discount factor(s) using tables. Required: a. What is the net present value of the proposed mining project b Should the project be accepted? 1 Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using tables. Required: a What is the net present value of the proposed mining project? b. Should the project be accepted? Onts Complete this question by entering your answers in the tobs below. Bool Required A Required B References What is the net present Value of the proposed mining project? (Enter negative amount with a minun sign. Round your final answer to the nearest whole dollar amount.) Net present value Red Required B > 1 - Click here to view Exhibit:12B1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using tables Required: a What is the net present value of the proposed mining project? b Should the project be accepted? Dots Complete this question by entering your answers in the tabs below. Print Required a Roured Should the project be accepted? Yes No