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: Cost of new equipment and timbers $420,000 Working capital required Annual net cash receipts Cost to construct new roads in year threeS 66,000 Salvage value of cquipment in four ycarsS 91,000 $230,000 $165,000* Receipts from sales of ore, less out-of-pocket costs for salarics, utilities, insurance, and so forth. The mineral deposit would be exhausted afier four ycars of mining. At that point, the working capital would be relcased for reinvestment elsewhere. The company's required rate of return is 18%. Click here to view Exhibit 13B-1 and Exhibit 131B-2, to detcri t aoriate discount factor(s) using tables. Requircd: a. What is the net present value of the proposed mining project? b. Should the project be accepted? 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