Windhoek Mines, Ltd., of Namibia, is contemplatin on land to which the company has mineral is expected that the following cash flows would be associated with opening and area: g the purchase of equipment to exploit a mineral deposit rights. An engineering and cost analysis has been made, and it operating a mine in the Cost of new equipment and timbers Working capital required Annual net cash receipts Cost to construct new roads in three years Salvage value of equipment in four years $ 430,000 $ 145.000 $ 160,000 S 49,000 S 74,000 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 be released for reinvestment elsewhere. The company's required rate of return is 18%. Click here to view Exhibit 118-1 and Exhibit 11B-2, to determine the a tables ppropriate disount factor's) using Required a. a. Determine the net present value of the proposed mining project. (Any cash outflows should be indicated by a minus sign. Use the appropriate table to determine the discount factor(s).) Now Purchase of equipment Working capital investment Annual net cash receipts Road construction Working capital released Salvage vaiue of equipment Total cash fows Discount factor (18%) Present value Net present value b Should the project be accepted? N0 and