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thank you! Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has

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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 $ 400,000 working capital required $220,000 Annual net cash receipts $ 155,000 Cost to construet new roads in $ 64,000 year three Salvage value of equipment in $ 89,000 four years "Receipts from sales of ore, less out-of-pocket costs for salarles, 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 factor(s) using tables. Required: a. What is the net present value of the proposed mining project? b. Should the project be accepted? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required Required A B What is the net present value of the proposed Mining project? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value S (20,557 X Required B >

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