Net Present Value-Unequal Lives Dakota Mining Company has two competing proposals: a diamond core drill or a hydraulic excavator. Both pleces of equipment have an initial Investment of $750,000. The net cash flows estimated for the two proposals are as follows: Year 1 2 3 4 5 6 7 8 Net Cash Flow Diamond Core Drill $310,000 253,000 253,000 273,000 186,000 128,000 149,000 149,000 X Open spreadsheet Net Cash Flow Hydraulic Excavator The estimated residual value of the diamond core drill at the end of Year 4 is $290,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. $333,000 311,000 321,000 318,000 Net present value Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 12%. If required, round to the nearest dollar. Diamond Core Drill 40 Hydraulic Excavator

Not Prosent Value-Unequal Iivis estimated for the two proposals are as follows: The entimated respdual value of the diamood core dril at the end of Year 4 is $290,000 Open sureadsheet dollar