Ne present value - unequal lives flows estimated for the two proposals are as follows: The estimated residual value of the diamond core drill at the end of Year 4 is 5290,000 . The estimated residual value of the diamond core devil at the end of Year 4 is $290,000 Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rade of return of 12%. Use the persent value table appearing above. Determine which equipment should be fawored, comparing the net present values of the two proposals and assuming a minimum nate of retum of 12 w Use the pelerit value table appearing above: Frectack PChorky wok. to equate the useful lives (Refer Exhibit 2 in the text). Subiract the amount to be inveuted from the total present value of the net cash flow