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: $ 230,000 $ 91,000 Cost of new equipment and timbers $ 420,000 Working capital required Annual net cash receipts $ 165,000 Cost to construct new roads in year three $ 66,000 Salvage value of equipment in four years * 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 company's required rate of return is 18%. Click here to view Exhibit 128.1 and Exhibit 128-2. to determine the appropriate discount factor(s) 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. Required A Required B 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 18% Click here to view Exhibit 128-1 and Exhibit 120.2. to determine the appropriate discount factor(s) 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. Required A Required B What is the net present value of the proposed mining project? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value Required B > EXHIBIT 128-- Present Value of $1 min 195 MOZ 0 ZELO 610290 90 LEID 910 400 9500 BOLO 200 WOD WOD 2500 ZOO 000 5900 900 900 WORD 5600 1280 ENEO Periods 45 5 6% 94 10% 11 12 14 15173 18 203 21 2 20 25 0962 0957 0943 09350926 0917 090909010893 0885 0877 08200 862 0855 0807 840 OR 0826 0.820 083 086 08 2 0975 0907 0990 0873 085708420826 0B12 0297 07830769 075 074 0731 0718 0736 0694 053 0672 0661 0550 08990864 ORAD 08960794 0772 07510731 0712 053 0575 065 064 0624 0609 0993 05790554 0551 057 0.524 05 4 0855 08230 792 0763 0735 070 0683 069 0636 0613 0592 0572 0552 0534 0516 0499 0482 062451 0437 0423 04 5 0X720784 0787073 0681 0650 0621 0593 0557 054 0519 0497 04760456 04 0419 0.402 0.386 300355 0347 0 6 07900746 0705 066 0630 059 0564 6535 0507 0400496 042 04100290 300352 025 0319 03030289 0775 02 7 0760) 07110665 0623 053 0547 05130482 0 452 0425 040010375 0.354 023 0.314 0296 0 279 02630249 0235 022 021 073106770627 0582 0540 0502 04670434 0404 03750 351 032 0305 075 026 024 023 0.7 0.204 0191 079 0.15 9 07030645 0592 05440500 4600 474 0391 0.361 023 024 026302431 0225 0209 0994 OTHO 0155 014400 10 067606140558 OSOR 0463 0422 0.3 0.352 0322 0295 020 0220221020 0190 0126 0116 11 0650 OSS 05270475 0429 038 03500 117 0.21 0.251 0232 0215 099017 12 013 012 0112 12 0525 0557 0497 444 0.397 0756 0319 0286 0257 01731 020 019 016 0152 (1124 0112 1 06004690415 018 02250290 0.2 0.229 020412 0163014500 116 104 0093 005 006 0067 00 14 05270505 04420388 0340 0299 0253 02320205 011 01 0141 129 111 15 0555 0410411 0.362 02150275 0229 0209 3 616001400 000095 04 05 057 0.051 0045 000 000 16 05.14 0.45 0.394 03 0292 0252 02180188 0163 141 012300 11093 01 00052 054 0047 0042 003 002 002 12 01 045 0216 3170270 021 019R 01/01 OYS 00098 00050005200450019 004 0000 002 T 49404160350 0295 0.250 0212 00153 030 0111 0095 DO 005 004 00 00 00 00 00 00 19 0475 096 0331 027 0232 014 014 013 0716 009 DORO 000051 003 001 002 002 00200000 20 6456 037 0312 0258 021501701440140104 OOK 003 0061 00510043300 000022 00 00 001400 21 040356 0294 022 0199 0164 US 0112 O 007 0064 00 104000031 020 002 0150 000 22 014220342020226 0184 01500123001 03 06 05 04 03 02 00176 002 00100010011 000 000 23 040 01126022021101700130112 01001 074 0600049 040 001 0072 000 000 000 000 000 20 039000022 01010 0125 00 002 006 005 004 0035 002 002 00 00 00 000 000 000 000 000 25 05 0295 023301840146019602 006 005 004 003 00300024 0.20 0.16 000 000 000 000 000 000 2 0.361 021 0220 OY S0106 OOK 00 003 0042 OKI 0025 10011 0000 0000 000 000 000 000 000 20 OM 08 0.207 01610125 009 0076006010047 00 00 002 001 00 000 000 000 000 000 000 28 033 0255 0196015001 0000 000054 002 103 1026 00200060012 000 000 000 000 000 000 0002 000 20 01 024100100107 000 0063 004 000020 002 001001001 000 0000 000 000 000 000 000 000 O 020174 013 09 0075 0057 000 000 000 00150012 000 000 000 000 000 000 000 000 000 UD00220010011 000 0000 000 000 000 000 000 000 000 WSVO HIO 00 00 Of DOIRIT 120-2 Present Value of an Annuity of Sin Artears: 5 2 3 4 5 E 1 8 9 10 11 12 1 10 DHE G 55 7 9% 10 11 12 131 ses 153 16N 1 183 20 21 22 23 20 25 0.962 0.952 0943 09350926 0917 0909 0901 0893 05 07 08700862 0.4 0.840 02 0826 082008110806 0800 1880 1859 1833 1808 1783 1759 1736 1713 1690 1668 1642 1626 1605 55 547 158 159 1492 1474 145 1440 2775 2.72 2673 2624 2577 2531 2487 2444 2402 2361 2322 2281 2246 2200 2174 20 2006 2074 2042 2011 1981 1952 3630 3545 346533873322 3240 3110 3102 3.037 2974 294 2955 279 2143 2690 2639 2589 2540 245 246 244 2302 4452 42294212450039933890 391 3696 3005 3512 3433 2124 2199 312 3105 2991 2920 24203 2745 2549 5242 50764912 767 4523 456 4355 421 411 1998 389 3784 365 3589 3498 3410 3326 3245 316 3092 3020 2951 6002 576 552 539 5206 5083 4868 4712 45644422 4288 0409 8922 32 3706. 365 3.508 30163273242 3161 6.739 645362005547 5535 5335 5146 4968 479946344873464202 071 3726619 516 421 1329 7435 710 602 651562475995 5955/5328 52 9462 26076451 433 434001 905 3785767 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