Please show equations on excel or how you are getting the numbers. Thank you!

3. (10 points) Alpha Company is considering the purchase of new equipment to exploit a mineral deposit. Expected cash flows for this project are listed below: Cost of new equipment and timbers $275,000 Working capital required $100,000 Annual net cash receipts $120,000 Cost to construct new ronds in three years $40,000 Salvage value of equipment in four years $65.000 Recripts from wes of ore, tem out of pocket couts for wares, utities, lavorance, 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 15% Required: What is the net present value of this proposed project? Should the project be accepted