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.) Should the project be accepted? (1+m)n1 Problem 12-16 (Algo) Net Present Value Analysis [LO12-2] Windhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineralfeposit 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: "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 fot reinvestment elsewhere. The company's required rate of return is 18\%. Click here to view and to determine the appropriate discount factor(\$) using tables. Required: a. What is the net present value of the proposed mining project? b. Should the project be accepted