Check B Problem 12-16 Net Present Value Analysis [LO12-2] Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploita mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area: ak ces Cont of new equipment and timbers $ 500,000 Working capital required $ 180.000 Annual net cash receipts $ 195,000 Cont to construet new roads in year three 56,000 Salvage value of equipment in four years $ 91,000 "Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth. The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company's required rate of return is 22%. Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount foctors) using tables. Required: a What is the net present value of the proposed mining project? b. Should the project be accepted? Complete this question by entering your answers in the tabs below. Required A Required B What is the net present value of the proposed mining project? (Enter negatif amount with a minut sign. Round your final answer to the nearest whole dollar amount.) Net prost value