PROBLEM $14-16$ Net Present Value Analysis LO$14-2$

Windhoek Mines, Ltd$.,$ of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. The company estimated the following cash flows related to opening and operating a mine in the area:

$\backslash$table$[[$Cost of new equipment and timbers,$$275,000$

Reguired : what is net present value of the proposed mining project $?.$ Should the project be accepted $?$ Explain.