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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 nights.

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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 nights. 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: "Recelpts from sales of ore, less out-of-pocket costs for salarles, 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 vlew Exhibit 128-1 and Exhlbit 1282, to determine the approprlate discount factor(s) using tables. Required: a. What is the net present value of the proposed mining project? b. Should the project be accepted? Complete this question by entering your answers in the tabs below. What is the net present value of the proposed mining project? (Einter negative amount vith a minus sign. Round your final answer to the nearest whole dotlar amount.)

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