Windhoek Mines, Limited, 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 $ 410,000 Working capital required $ 135,000 Annual net cash receipts $ 150,000 Cont to construct new roads in year three $ 47,000 Salvage value of equipment in four years $ 72,000 "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 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 not complete. Complete this question by entering your answers in the tabs below. Required A Required B EXHIBIT 121.1 Present Value of $11 (1+) 79 58 56 391 Periods 1 2 3 4 5 6 7 8 + 6 LZSO $ SSVO 2900 6900 SSSO 0.108 49 59 101 119 129 139 149 155 175 185 199 20% 214 22 23% 0.9620952 0913 0935 0.9260.917 0.9090.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.8330.826 0.820 0.813 0.925 0.907 0.890 0.873 0.8570.842 0.826 0.812 0.797 0.783 0.769 0.756 0.7430.731 0.7180.706 0.69406830.6720/661 0.889 0.864 0.84008160.794 0.772 0.751 0.731 0.7120.693 0.675 0658 0.641 0.6240 6090.5930 5790.5640551 0.537 0855 0.823 0.792 0.763 0.735 0.708 0.683 0659 0.6360613 0.592 0572 0.552 0.5340.516 0.499 0.482 0.467 0.4510437 0.822 0.784 0.747 0.713 0.681 0650 0.621 0.5930 567 10.543 0.519 0.497 0476 0.456 0.437 0419 0.4020.386 0.3700355 0.790 0.746 0.705 0.6660.630 0.596 0.564 0.335 0.507 0.480 0456 0432 0.410 0.390 0.3700.3520.335 0.319 0.3030289 0.7600.11 0.665 0.623 0.5830547 0.513 0.482 0 452 0425 0.400 0.376 0.354 0.333 0.314 0.296 0.279 0.263 0.2490.235 0.731 0.67706270.582 0.540 0.502 0.467 0.4340404 0.376 0.351 0.327 0.305 0.285 0.266 0.2490.233 0.218 0.204 0.191 0.7030645 0 59205440.500 0.460 0424 0391 0.361 0.333 0108 0.284 0.263 0.243 0.225 0.209 0.1940.180 0.167 0.155 0.6760614 0.558 0.508 0.463 0.4220.386 0.352 0.322 0.295 0.270 0.2470.227 0.208 0.1910.176 0.162 0.149 0.137 0.126 0650 0.58 0.527 0.475 0429 0.388 0.350 0.317 0.287 0.261 0.237 0.215 0.1950.178 0.162 0.148 0.13 0.123 0.1120.103 0.6250557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0,112 0.102 0,092 0,083 0.601 0.530 0.469 0.415 0.368 0.3260.290 0.258 0.229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0.068 0.5770 SOS0442 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.08 0.078 0.48 0417 0.362 0.315 0.275 0.239 0.2090.183 0.160 0.140 0.123 0.095 0.084 0.074 0.065 0057 1 0051 0045 0.5340458 0 194 0339 0.292 0.2520218 0.1880.163 0.141 0.123 0.107 0.093 0.08100710.062 0.054 0.0470042 001 0.51304360371 0.317 0.270 0.231 0.198 0.170 0.146 0.125 0.108 0.093 0.060 0.052 0.045 0.039 0.034 0.030 0.494 0416 0 0.296 0.250 0212 0.1800.153 0.130 0.111 0.09 0.01 0 069 0.059 0.044 0.038 0.032 0.028 0.024 0.475 0 3960331 0277 0.232 0.194 0.164 0.138 0.116 0.098 0.083 02020 0.000 0.051 0.043 0.037 0.031 0.027 0.0230020 0.456 0.377 0.3120.258 0.215 0.178 0.149 0.1240.104 0.087 0073 0.0661 0051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0439 0.359 0.294 0.242 0.199 0.1640.1350.112 0.093 0.077 O 064 0.053 0.014 0.037 0.031 0.026 0.022 0.0180.0151 0.013 0422 0.342 0.278 0.226 0.1840.150 0.1230.101 0.083 0.0680056 0.046 0038 0.032 0.025 0.0220018 0.015 0.013 0.011 0.406 0326 0.262 0.211 0.1700.138 0.112 0.0910074 0.060 0049 0.040 0.0330027 0.022 0.018 0.015 0.0120.0100009 0390 0.310 0.247 0.1970.158 0.126 0.102 0.08200660053 0.043 0.035 0.028 0.023 0.019 0.01 0.013 0010 0.008 0.007 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0.0590047 0.038 0.030 0.024 0.0200.0160.0130010 0.009 0.007 0.006 0.361 0281 0.220 0.172 0.135 0.106 0.084 0.066 0.053 0042 0.0330026 0.021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.347 0.268 0.207 0.161 0.125 0.0980076 0.060 0.0470037 0.029 0.023 0.0180014 0011 0.009 0002 0.006 O 005 0.00 0.333 0.255 0.1960.150 0.116 0.090 0.069 0.0540042 0.033 0.026 0.0200.0160.0120.010 0.008 0.006 0.DOS 0.00 0.13 0321 0.243 0.185 0.141 0.107 0.082 0.0630.048 0.037 0.0290022 0.017 0.014 0011 0.008 0.006 0.005 0.004 0003 0.002 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.033 0.0260020 0.015 0.0120.009 0.007 0.005 0004 0.003 0.003 0.002 0.208 0.142 0.097006700460032 0.022 0.0150011 0.005 0.005 0.0040.003 0.002 0.001 0.001 0 0.000 69000800 OSCO ISOO 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 40 | 1000 DOXTO 0000 EXHIBIT 12B-2 Present Value of an Annuity of $1 in Arrears, 1/((1/(1+))) Periods 1 2 3 4 3 6 7 8 9 10 11 12 13 14 15 16 17 IN 19 20 21 22 23 24 25 26 27 28 29 30 40 4 35 65 79 84 99 105 124 139 144 155 165 17% 18 199 20% 214 225 23 0.962 0.952 0.943 0.935 0.926 0917 0.909 0.901 0.8930885 0.8770870 0.862 0.855 0.84708400833 08260.820 | 0.813 16 1.859 18331.8081.783 1.759 1.7361.713 1.690 1668 1647 1.626 1.605 1585 156615471528 1509 1.492 1.474 2.775 2.723 2.673 26242577 2531 2.487 2444 2.40222161 2322 2.283 2.246 2210 2.174 2.140 2.106 2.074 2042 2011 1.630 13463465 3.387 3.312 3.240 3.170 3.102 3.037 2974291428552.798 27432690276392589 2340 2,4942448 4.452 4.329 4.212 4.100 3.993 3.8903.7913.696 3.6053 517 3.433 3.352 3.2743.1993.1273.058 2991 2.926 2.864 2.803 5.2425.0764.917 4.7674623 44864.355 4.2314.111 3.9983.8893.784 3.6853.589 3498 3410 3.326 3.245 3.167 3092 6.002 5.786 5.582 5.389 3.206503348684.7124.5644423 42884.160 4019 3922 3.8123.706 3.605 3308 3.416 3.327 6.7316463 6.210 5971 5.74733355.335 5.146 4.968 4.299 4.619 4487 4.3444207 4,078 3954 3.837 3.726 3.619 3518 74357.108 6.802 651562475.9955.7595537 53285.132 49464.772 4.607445143034.163 4011 3.905 3.7861673 8.111 7.722 7360 70246.710 6.4186.145 5.889 5.6505.4265.2165 019 4833 4659 4.4944339 4.192 4.054 3.920 3.799 8.700 8.30678877499 7.139 68056 495 6.2075988568754535.23450294836465644864.327 4.1774,035 3.802 9385 8863838479437.5367161681464926.1945.918 5.6605.421 5.197 49884.793 4.611 44394.278 14.127 3.985 9.986 9.394 8.8538358 7.904 74877,1036.750 64246.125.84255353425.1184.910 4.7154.5334.3624.203 4053 10 5639 899 9.29587451 8.244227867.3676.982 6.6286.3026X2 5724546832295008 4802 4.611 4432 4.265 4.103 11.118 10.30 9.712 19.108 8.55980617.6067.191 6X16462 6.14238473575532450924X764675 4489143154.15 1165210 838 10.1069.447 8.851 83131724737969746.604 6.265 5.95456685405 5.16249384.73045364357 4.189 12.1661127410477 9763 9.1228544 802275497.1206.7296373 60575.7495475524.990427754.5764 191 4219 12.659 11 690 10.82% 10.0599372827568.201 7.702 7.250 6.840 0467 6.128 SS SS45273503348124608 4419 4.24 13.13412 DS 11.158 10.336 9.6048950 84365 7.8397366 6938 6.3506.1983.8775.5845316 507048434635 44424263 13.5901246211470 10 5949.818 9.129 8.5147963 74697025 6.623 6.259 3929 5.628 5.3535.101 4870 4.657 44604279 14.02912.821 11.764 10.836 10 0129.2928649 807375627.1026.687 6.3125.9735.6655.3843.1274891 4673 4.4764292 14 451 13.163 | 12.042 11.061 10.2019.442 8.7728.17676457.1706.743659 6.01 5.696 5410 5.149 4.909 4.690 4.488 4.302 14.857 13489 12.303 11.272103219 SNO 8.888.266771872306.7926.399 6,0445.72354325.1674.925 4.703 4.499 4311 15 247 13.799 12 550 11469 10.529 9.707 8.9858.3487.7847.283 6835 64346.073 5.746 3.4515.182 4.937 4.703 4.507 4.318 15.622 1409412.78311654 10.6759821 9.077 X 422 7.843 7310 6873646660975.7663 467 5.1954.9448 4.721 45144323 15.983 14375 13.003 11.826 10.8109.929 9.161 8.488796 7372 6.906 6,916.1185.7835.480 5.2064.956 4.72843204328 16 330 14 643 13.211 11.98710 935 10.0279.237 8.548 7.9.43 7409 6.935 65146.136 5.798 5.492 5215 4.96-1 4.734 | 4524 4332 16663 14.898 13.406 12.137 11.051 10.1169307 8.602 7.98474416 961 63346.152 5.810 5.502 5.223 4.970 4.73945284333 16.984 15.14113 591 12.278 11.158 10.1989.370 8650 8022 7470 6.983 6.5516.1665820 SS10 52294975 4.74345314337 17.292 15.372 13.765 12.409 11.258 10.2749427 8.694805574967.003 6.5666.1775.829 5.517 5215 4.979 4.74645344339 19.793 17.159 15.046 13.332 11.925 10.7579.779 8951 8 2447.634 7.105 6,6426,23358715.548 5.25849974.760 45444.347