Test 2 8 Saved Help Save & Exit Sub 3 Windhoek Mines, Lid., 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: 20 Cost of new equipment and timbers points Working capital required $ 330,000 Annual net cash receipts $ 280, 600 Cost to construct new roads in year three $ 135,000* 8 01:37:32 Salvage value of equipment in four years 60, 000 85, 060 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 78-1 and Exhibit 78-2, 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? Complete this question by entering your answers in the tabs below. Required A Required B @ Omnical-Put? Comes omheducation.com/ext/map/indexntrill cone confedera browser ofbunchjud -http:2:2534542521%252FI Test 2 0 Mp Save & Erk Cost to construct new roads in year three so forth 3 of equipment in four years released for "Receipts ton sales of me, less out at packet gusts for saisles, states, esurance, and so forth. Salvage value of routement ver al deposit would be exhausted after four years of mining. At that point, the working capital would be re Receipts from sales of ore. less out of pocket costs for salaries, wines, ins ousted rate of Telurn is 18%. ant the where The cumpary's required rate of The mineral deposit would be exhausted after four years of mining At that point, the Clek here to wew fulibt 21 and Exting 78 2 10 devean factors) using tables reinvestment/elsewhere the company's required rate of return is 18% Breaking the yet present value of the proposed mining project click here to view Exhitin 70-3 and Exept 78 2. to de & shoird the project be accepted ming project complete Was question try entering your answers in the tabs below. Required What is the net present value of the proposed & or 3792 b should the project he accepted Complete this question by entering your answers in the lobs below. whoits she not present value of the snipesre miring project? (Emer racattle we sirious sign, toured your final Should the project be accepted?