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 equipnent and timbers working capital required Annual net cash receipts cost to construct new roads in three years salvage value of equipenent in four years \$. 275, 000 5103,000 \$ 120 , eee* $40,6e0 565,000 Recelpts from sales of ore, less out-of-pocket costs for saiarles, utilies, Insurance, and so forth. The mineral deposit would be exhausted after four years of mining. At that point. the working copital would be released for reinvestment elsewhere. The company's required rate of return is 20% Click here to vlew 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 proposed mining project? b. Shouid the project be accepted? Complete this question by entering your answers in the tabs below. What is the net present value of the propoed mining project? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Net juesent value