Your mining company is considering an expansion of operatons into iron cre. Your engineers surveyed a particular plece of land three woeks ago (the survey cost 525 , 000) and concluded the following - You can extrad 1,000 tons of iron ore per your. - There are 4,000 tons of iron ore undemeath this land, Once all the ore has been extracted, the project wil ceose to produce amy revenises. - The price of ore will remain constart for the next 4 yearn. Curently ore sells for $100 per tan. - The operating cost to extract the ore will be $60 por bon for the next 4 yoars. - We will noed to inveut in the equipenent for this project right now for $100,000. - The equipment will be depreciated over a period of four years using the straighitine method, with an assumed salvage value of zero for tax purposes. - At the end of year 4 , we can sel the oquipment inolved in the pecject tor 520,000 - The expansicn requires adetional working capital (NWC) of $10,000 from the start (at time tro) unal the end of year 4. A Sme t=4, working capital decreases fo 50 - The tax tase is assumad to be 40%. Your con of capital is 12% Phease provide the Free Cash Flow for each year of ths project (too Frough t=4) and compule the projects NPV. There is a template provided with the Finat Exars Altachment in Blackboard (please round ald ahswers to the nearest dofiar) Ta0 Cash flow 5 Tet Cath Flow: s Twe Cash Flow 5 T=2 Cash Flow: $ T=4 Cash Flow: 5 The Net Present Value (NPV) of this peopect is 'S Elased co this andyuis, Mhould you pursue this projeot A. Y es B. No