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 148-1 and Exhibit 148-2. (Use appropriate factor(s) from the tables provided.) A B C 1 Chapter 14: Applying Excel 2 3 Data 4 Example E 5 Cost of equipment needed $ 310,000 6 Working capital needed $ 20,000 7 Overhaul of equipment in four years $ 30,000 8 Salvage value of the equipment in five years $ 35,000 9 Annual revenues and costs: 10 Sales revenues $ 415,000 11 Cost of goods sold $ 270,000 12 Out-of-pocket operating costs $ 55,000 16 % 13 Discount rate 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