Windhoek Mines, Ltd$.,$ 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 $ $330,000$Working capital required $$100,000$ Annual net cash receipts $ $135,000*$ Cost to construct new roads in year three $$60,000$ Salvage value of equipment in four years $$85,000*$Receipts from sales of ore, less out$-$of$-$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 companys required rate of return is $18\%.$Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using tables. Required: a$.$ What is the net present value of the proposed mining project: fill in the table for both amount of cash flow and pv of cash flow for the following

$-$ cost of equipment required$($now $)$

$-$working capitak required$($now$)$

$-$ net annual cash receipts$($year$1-4)$

$-$cost of road construction$($year$3)$

$--$salvage value of equipment$($year$4)$

$-$working capital released$($year$4)$

$-$net present value?

b$.$Should the project be accepted