1 Chapter 13: Applying Excel Data 6 Example E Cost of equipment needed Working capital needed Overhaul of equipment in four years Salvage value of the equipment in five years S $ S $ 330,000 45,000 35,000 25,000 Annual revenues and costs: 10 S S 380.000 210.000 Sales revenues Cost of goods sold Out-of-pocket operating costs Discount rate 1S 80.000 12 13 11% 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.) Net present value C. The Internal rate of return is between what two whole discount rates (e.g., between 10% and 11%, between 11% and 12%, between 12% and 13%, between 13% and 14%, etc.)? The internal rate of return is between % and % d. Reset the discount rate to 11%. Suppose the salvage value is uncertain. How large would the salvage value have to be to result in a positive net present value