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Wndhoek IVnes, Lmted, of INamba, Is contemplatng the purchase of equipment to exploit a mneral deposit on Iand to whch the company has mineral rights.

image text in transcribed Wndhoek IVnes, Lmted, of INamba, Is contemplatng the purchase of equipment to exploit a mneral deposit on Iand to whch the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows woul be associated with opening and operating a mine in the area: *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 19%. 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. What is the net present value of the proposed mining project? Note: Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount

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