Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to explolt 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 assoclated with opening and operating a mine in the area: "Recelpts from sales of ore, less out-of-pocket costs for salarles, utilltes, insurance, etc. The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reInvestment elsewhere. The company's required rate of return is 19%. Required: a. Determine the net present value of the proposed mining project (Hint Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and PV factor. Round the final answers to the nearest whole dollar. Any cash outflows should be indlcated by a minus sign.) b. Should the project be accepted? Yes No