Windhoek Mines Ltd. of Namibia is contemplating the purchase of equipment to exploita mineral deposit located 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 Working capital required Net annual cash receipts cost to construct new roads in three years Salvage value of equipment in four years 195,000 65.000 33,00 27,000 "Receipts from sales of ore, less out of pocket costs for salaries utilities, insurance, and so forth (The currency in Namibia is the rand, here denoted by R) It is estimated that 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 discount rate is 20% Click here to view Exhibit 10.1 and Exhibit 10.2. to determine the appropriate discount factors using tables Required: 1-0. Determine the NPV of the proposed mining project (Negative amount should be indicated with a minus sign. Round discount factor(s) to 3 decimal places. Round other intermediate calculations and final answer to the nearest whole number) Nepresenta Click here to view Exhibit 10-1 and Exhibit 10-2. to determine the appropriate discount factors) using tables Required: 1-0. Determine the NPV of the proposed mining project (Negative amount should be indicated with a minus sign. Round discount factor(s) to 3 decimal places. Round other intermediate calculations and final answer to the nearest whole number) Nat present for 1-b. Should the project be accepted? Yes NO Period 1 245 265 294 SOE 405 0.306 0.794 0.781 2 0.714 3 0.030 0610 0.650 0534 0.709 0.592 0.510 0.453 0.367 0.500 0.477 + 0.433 0.397 5 0.373 0.350 0.200 0.341 6 0.273 0.315 0.291 0.369 0.106 0.250 0.227 0.301 0,133 0.193 0.178 0.159 0.093 0.137 0.139 0.133 0.000 6 0.333 0.179 9 0.145 10.125 0.100 10 0.094 0.040 0.11 0.003 0.070 11 0.035 0.099 0079 0.09+ 0.066 0.056 0.035 22 LSSO 0.076 0.02 0.053 0.043 0.018 13 960 0001 0.030 01040 0.003 0013 14 45 55 65 S 105 125 145 los LSS 20 235 0.96 0.932 0.943 0.920 0909 0.093 0 5770 562 0.347 0.833 0.020 0.935 0.007 0.690 0.557 0.336 0.797 0.769 0.743 0.715 0.694 0.673 0.009 0.064 0.30 0.794 0.751 0.712 0.675 0.611 0.009 0.379 0.331 0.333 0.323 0.19 0.735 0.003 0.636 0.39 0352 0.316 0.4520:451 0.133 0.704 0,747 0.001 0.621 0.567 0.519 0.476 0.437 0.02 0.370 0.790 0.746 0.705 0.630 0.367 0.507 0.456 0410 0.370 0.333 0.303 0.760 0,711 0.005 0.563 0.313 0.452 0.400 0.35 0.314 0.279 0349 0.731 0.677 0.627 0.340 0.467 0.404 0.331 0.303 0206 0233 0204 0.703 0.645 0.392 0.500 0.424 0.361 0.300 0.263 0.335 0.194 0.162 0.676 0.014 0.550 0.463 0.336 0322 0.270 0227 0.191 0.162 0.137 0.630 0.565 0.327 0.429 0.350 0.37 0.237 0.193 0.160 0.133 0212 0.633 0497 0.397 0.319 0.257 0.200 0.100 0.137 0.112 0.09 0.601 0.530 0:469 0.390 03229 0.1020.143 0110 6.093 0.03 0.572 0.305 0.143 0.340 0.260 0.303 0100 0.125 0.099 0.070 0.062 0.383 0.431 0.417 0315 0.239 0.103 0.140 0.100 0.00+ 0.003 Oost 0.33 0.450 0.394 0.29 0.210 0.163 0.123 0.093 0.0Ti 0.054 0.049 0313 0.430 0.321 0.270 0.190 0.146 0.100 0.000 0.000 0.043 0.04 019 0410 0.300.350 0.150 0.130 0.095 0.0090.031 0.033 0.000 0.473 0.396 0.333 0,164 0110 0.003 0.00 0.040 0031 0.020 0456 0.327 0213 0213 0149 0.104 0.073 0031 0.00 0.00 0019 0.439 0359 0.294 0199 0.135 0093 0106 0.04 0.031 0.03 0013 0493 03 0.225 0.003 0.056 0.03 0.03 001 0013 0:4000330 02 0.100113 0.014 0.01000 0 0.010 0.000 031003 0.150 0.101 0.0000043 0.036 0.019 0.375 0.19 02 010 0.09 0.05 0.03 04 0.00 0.00 0.007 00 0101004 01033003 00 00 0.36 OROT 15 000 0.017 0029 ODIO 01 0.007 0100 O 0000 002 0.000016 0010 0.000 0.10 0.00 0 0.000 0.000 0.005 0.019 0039 CCOO 0.005 5000 15 0.010 003 0026 0.020 0.000 10 0033 DON 0.019 0.013 0.00 11 0.000 000 STO C100 0.003 10 ODI 0009 0 000 10 TOTO 0.01 0017 0100 TIDO 0.000 0.00T 0.000 OC 0.014 0010 0.00 0.005 1000 21 00 0.000 0.000 1000 22 COTTO 0.004 0.003 0.009 0.000 0.00 1000 CORO 0.00 0.005 0000 COVO 24 3000 COD 0 000 0004 0.00 0.003 DO 0.000 0 000 1000 20 1990 TO 10 9000 6000 0.004 COOL 0.00 0.001 22 LEO COOO 0.00 0.000 000 CO 1000 1000 1000 0 000 0200 0.001 TTOO CHO COGO 000 0.00 0001 0300 DEL 09 0:00 1000 003 00 0.0 0.0 0.000 1000 0.001 LOOOOO000 TOGO 3000 1000 30 00014300046 1000 DOL S SS 6% SS 591 SP1 185 SOC 0.962 0.932 0.943 0.926 2 2 1.336 1.359 1.833 1.733 069 1 3 I 2.775 2.723 2673 2.377 1931 + 3.630 3.546 3.465 3.312 5 4452 4330 4212 3.993 166 . 3.242 3.076 216+ 1623 6002 5.736 TOSS 5.206 105 125 225 245 265 305 405 0.909 0.893 0.677 0362 0.347 0.333 0.320 0.506 0.794 0.751 0.709 0.714 1.736 1677 1.605 1.566 1.525 1.492 1.457 1424 1392 1.361 1.224 2.457 2.402 2332 2346 2.174 2.106 2012 1.981 1.933 1 Sio 1.509 3.170 3037 2.914 2.793 2690 2.559 2494 2.404 2.320 2.241 2.166 1379 3.791 3.603 3.433 3.274 3.127 2.991 2364 2.745 2.633 2.332 2.436 2035 4.355 3.509 3.605 3.493 3.326 3.167 3 000 2035 2.759 2.643 2165 4.063 4564 4.403 4039 3.312 3.605 3.416 3242 3.003 2.937 2.002 2.263 5.335 4.958 4.639 4.344 4,075 3.037 3.619 3,421 3.241 3076 2.925 2331 5.7593.333 4.946 4,607 4303 4031 3.756 3.566 3.366 3.154 3.019 2379 6.145 5.650 5.216 4033 4.94 4.192 3.923 3.602 3.465 3269 3.092 2:41 6495 3.933 5.453 3029 465 4327 4035 3.776 3.544 3.335 3.147 2.435 6.914 6,194 5.660 5.197 4793 4439 4127 3551 3.600 3.337 3.190 2.456 7 103 6.434 5.642 3.343 4.910 4.333 4203 3.912 3.636 3:27 3.233 2465 17.367 6.620 6 002 3.466 4611 4265 3/695 3.439 3.349 2.477 6.733 6.463 6.210 5.747 6 7.435 7.105 6.302 6.347 10 3111 7.722 7.360 6.710 11 3.760 6.306 7.507 74139 12 9.355 3.363 $394 7536 13 9.900 9.394 5.333 7.904 14 10363 9.599 9.195 0.244 000S 2,965 15 11118 10.330 3559 7.606 6 311 9.712 10.106 4.675 4315 4001 3.720 3.403 6.142 3575 3.092 0.263 5.0693.163 3.265 2-434 16 11.632 10.835 S.SSI 7504 6.974 4.730 4.357 4.033 3.733 3.503 3.303 2-459 17 122100 1234 10.47 9 122 3.07.120 6:373 3,749 5.225 4.775 4391 4059 3.771 SISC 3.395 2492 18 12.659 11 690 10.32 9372 201 7.250 6.407 5.SI 3273 4.SI 4.419 4000 3.796 3.529 3.304 2.494 19 13.134 12:005 11.155 9.004 5.365 7.300 6.550 5.677 5316 4.5++ 4442 1097 3.799 2.539 3.311 2496 30 13.590 12:463 1470 9.315 5.514 7.469 6623 3929 3333 4870 4400 4.110 3.300 3546 3.316 2497 1 14.029 12:21 Ito 10.01 36-19 7562 00373.9735364 4.091 4:10 4.12 3316 3.531 IS 3.3.30 2.490 22 14.451 13.163 11.042 10 201 0.772 71615 6.743 6.011 5410 4.909 435 4.130 1332 3556 3.333 495 23 T4857 13.459 12300 10 371 EOS 7715 6.792 6014 TERS 49-5 1999 4137 3027 3559 3.35 2499 24 152247 13199 12350 10:529 193 1754 0333 6073 5.451 1937 COST 41 JU 3.50 31327 2499 66 25 15.623 141094 123 10675 106 7.643 UTE 609 5467 4.93 4314 417 3507 6CCC 199 16 15.950 SLEHT 300 10 510 9.16 79 2.906 : 3450 4.950 2330 151 LOS 995 3330500 16.30 101 10.935 9267 1.93 6935 6136 Tots 1961 +535 4154 1039 3:30 3331 2500 BE 16.00 1393 90+ ISOTE 9307 1954 901 6.132 COSS *970 2528 1133040 195 31331 OOST 29 169 13.1+1 13591 ILISE 9.370 SO 596.1 5:510 4.975 4531 139 TH 3.300 31323300 30 13:37 SS 053 700) IT 55512 4979 4314 091 24 6950 203 2.500 112165 150 10 19.00 OS 1933 7TOS 6:2315315 1901 54 136357 32300