Year Book * Show Me How Office 365 Net present value--unequal lives Bunker Hill Mining company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial Investment of $780,000. The net cash flows estimated for the two proposals are as follows: Net Cash Flow Processing Mini Electric Shovel $309,000 $348,000 2 246,000 316,000 246,000 322,000 247,000 310,000 162,000 150,000 124,000 1 3 4 5 6 124,000 The estimated residual value of the processing mill at the end of Year 4 is $290,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Determine which aiment should be tweed, Coroaring the net present Values of the two proposals and assuming a minimum rate of return of 2016 frequed. round to the rest dolar. Processing tectrice Shovel Netra Which project to be favored? Electric Shovel