Show Me How Office 365 Print Item Net present value-unequal lives Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial investment of $730,000. The net cash flows estimated for the two proposals are as follows: Net Cash Flow Year Processing Mill Electric Shovel 1 $308,000 $330,000 2 245,000 324,000 3 245,000 315,000 4 255,000 321,000 5 184,000 124,000 8 140,000 140,000 The estimated residual value of the processing mill at the end of Year 4 is $290,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below X Open spreadsheet Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 12%. If required, roun to the nearest dollar. Net present value Check My Work Processing Mill Electric Shovel