Windhoek Mines, Ltd. of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to wtich the company has mineral rights. An engineering and cost analysis, has been made, and it is expected that the foliowing cosh fiomes would be assoclated with opening and operating a mine in the aroa: "Receipts from sales of ore, less out-of-pocket costs for slaries, uthities, 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 18%. Required: a. Determine the net present value of the proposed mining project. (Hint: Use Microsoft Excel to calculate the discount factor(s)) (D) not round intermediate caiculations and PV factor. Round the final answers to the nearest whole dollar. Any cash outhows sho be indicated by a minus sign.) b. Should the project be accepted? Yes No