2. The company is considering a project involving the purchase of new equipment. Change the data area of your worksheet to match the following: Use Exhibit 14B-1 and Exhibit 14B-2. (Use appropriate factor(s) from the tables provided.) A 1 Chapter 14: Applying Excel B 2 3 Data 4 Example E 5 Cost of equipment needed $ 260,000 6 Working capital needed $ 35,000 7 Overhaul of equipment in four years $ 25,000 8 Salvage value of the equipment in five years $ 25,000 9 Annual revenues and costs: 10 Sales revenues $ 380,000 11 Cost of goods sold $ 215,000 12 Out-of-pocket operating costs $ 90,000 13 Discount rate 15 % 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 $ (23,076)