1 Chapter 13: Applying Excel 2 3 Data 4 Example E 5 Cost of equipment needed 6 Working capital needed S 300,000 45,000 30,000 40,000 Overhaul of equipment in four years 8 Salvage value of the equipment in five years 9 Annual revenues and costs 10 Sales revenues 11 Cost of goods sold 12Out-of-pocket operating costs 13 Discount rate S 385,000 S 235,000 55,000 181% a. What is the net present value of the project? (Negative amount should be indicated by a minus sign. Round your present value factor to 3 decimals and round all other intermediate calculations to nearest whole dollar.) t present value C. The internal rate of return is between what two whole discount rates (eg., between 10% and 11%, between 11% and 12%, between 12% and 13%, between 13% and 14%, etc.)? e internal rate of return is between % and d. Reset the discount rate to 18%. Suppose the salvage value is uncertain. How large would the salvage value have to be to result in a positive net present value? Minimum salvage value required to generate a positive present value