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. Receipts from sales of ore, less out-of-pocket costs for salaries, insurance, and so forth. The mineral deposit would be exhausted after four year of mining. At that point the working capital would be released for elsewhere. The company's required rate of return is 19%. Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. Required: a. Determine the net present value of the proposed mining project. (Any cash outflows should be indicated by a minus sing. Use the appropriate table to determine the discount factor(s).) b. Should the project be accepted? Yes No