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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

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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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