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 hex eqaipment and tinberS Working capital eequired Annual net cash receipta Cost to construet sev roads is year three Salvage value of equiphest in four years 8 275,000 100, 000 8 120,00D 40,000 65,000 nceReceipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth The mineraf 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 20%, Click here to view Exh bit 138.1 and Exhibit 138-2, to determine the appropriate discount factortsl using tables Required a What is the net present value of the proposed mining project? b Should the project be accepted? Prev 2 af 2