Bunker il Mining Company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial investment of $780,378 The net cash flows estimated for the two proposals are as follows: Net Cash Flow Year Processing Mill Electric Shovel 1 $249,000 $311,000 2 222,000 289,000 222,000 266,000 177,000 274,000 134,000 112,000 97,000 97,000 The estimated residual value of the processing mit at the end of Year 4 is $310.000 Present Value of $1 at Compound Interest Year G 10 12% 20% 1 0.943 6.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 0.540 0.751 0.712 0.558 0.579 4 0.792 0.680 0.616 0.572 0.482 5 0.747 0.623 0.567 0.497 0.02 6 0.705 0.564 0.502 04432 0335 7 0.665 0.452 03376 0.279 0.627 0467 0:44 0.222 0.233 0592 0.424 0.363 0.24 0.194 Old My Work more Check Woman Previous 5 0.747 0.623 0.567 0.497 0.402 5 0.705 0.564 0.502 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.46% 0.404 0.327 0.233 9 0.592 0.424 0.361 0.294 9.194 10 0.558 0.306 0.322 0.247 0.162 Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 129. Use the present value tatis appearing above Processing Mill Electric Shovel Present value of net cash flow total Less amount to be invested Net present value which project should be favored? Cd My Workou ack My Work Previous