Windhoek mines ltd. of Namibia , is contemplating the purchase of equip

windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to explot a mineral deposit on land to wh company has mineral rights. An engineering and cost analysis has been made, and it is expected that the folowing casth be assoclated with opening and operating a mine in the area: Cost of new equipment and timbers Working capital required Annual net cash receipts Cost to construct new roads in year three 64,000 Salvage value of equipment in four years 89,000 $400,000 $220,000 $155,000* Receipts from sales of ore, less out-of-pocket costs for salaries, utities, insurance, and so forth. The mineral deposit would be exhausted after four years of mining At that point, the working capital would be released reinvestment elsewhere. The company's required rate of return is 18%. Click here to view Exhibit 128-1 and Exhibit 12B-2 to determine the appropriate discount factoris) 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. Renuired A Required 2Score answer >