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Winchoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to wrich the company has mineral rights.

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Winchoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to wrich the company has mineral rights. The company estimated the following cash flows related to 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 for reinvestment elsewhere. The company's required rate of return is 20%. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tables. Required: a. What is the net present value of the proposec inining project? b. Should the project be accepted

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