Your mining company la conuldering an expansion of operations into Iron ore. Your engineses surveyed a particular piece of land three weeks ago (the survey cost $25,000) and concluded the following: . You can extract 1,000 tons of iron ore per year. There are 4,000 tons of Iron ore underneath this land. Once all the ore has been extracted, the project will cause to produce any revenues. The price of ore will remain constant for the next 4 years. Currently or sells for $100 per ton The operating cost to extract the ore will be $60 per ton for the next 4 years We will need to invest in the equipment for this project right now for $100,000 The equipment will be depreciated over a period of four years using the straight-line method, with an assumed salvage value of zero for tax purposes. At the end of year 4, we can sell the equipment involved in the project for $20,000 The expansion requires additional working capital (NWC) of $10,000 from the start (at time tu) until the end of year 4. At time t-4, working capital decreases to $0. The tax rate is assumed to be 40%. Your cost of capital is 12% Please provide the Free Cash Flow for each year of this project (t#0 through td) and compute the project's NPV. There is a template provided with the Final Exam Attachment in Blackboard (please round all answers to the nearest dolar) TEO Cash Flow. $ T-1 Cash Flow: 8 T-2 Cash Flow: T=3 Cash Flow. $ T 4 Cash Flow: $ The Net Present Value (NPV) of this project is: $ Based on this analysis, should you pursue this project: A. Yes B. No