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Dakota Mining Company has two competing proposals: a diamond core diril or a hydraulic excavatoc,...

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Accounting

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Dakota Mining Company has two competing proposals: a diamond core diril or a hydraulic excavatoc, Both pieces of equipment fave an initial investrient of 5456 , 455 . The net cash fiows estimated for the two proposals are as follows: The estimated residual value of the diamond coce drill at the end of Year 4 is $180,000, Determine which equipment should be favored, comparing the net present values of the two proposals and assiuming a minimuam rate of retum of 12%. Use the present value table appearing above

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