Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel. Both pleces of equipment have an initial investment of $475,674. The net cash flows estimated for the two proposals are as follows: The estimated residual value of the processing mill at the end of Year 4 is $180,000, Present Value of $1 at Compound Interest Determine which equlpment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 10%. Use the present value table appearing above