12 Homework Help Save&Exit Submit Check my work Windnoek Mines, Ltd, of Nambia, s contemplating the purchase of equipment to expiot a mineral deposit on land to which the be associated with opening and operating a mine in the area has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would Cost ef new equip-ent tnbers 220,900 155,900 64,90 receipts Salvage value of eqvignent Sin four years nces "Receipts from sales of ore, less out of pocket costs for salaries, uniies, insurance, and so fort The mineral depost would be exhausted after four years of mining At that point, the working capital would be released for reinvestment esewhere The company's required rate of return is 18% here to view Exhibint 12B.1 and Exhitih 128-2, to detenmine the appropriate discount factoris) using tables a What is the net present value of the proposed mining project? b Should the project be accepted? Complete this question by entering your answwers in the tobs below Ciri