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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.

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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. 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 relnvestment elsewhere. The company's required rate of return is 18%. Click here to vew Exhlbit 148-1 and Exhibit148-2, 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. What is the net presernowired proposed mining project? Note: Enter nepotve amount with a minus sign. Round your final answer to the nearest whole dollar amount

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