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2. The company is considering a project involving the purchase of new equipment. Change the data area of your worksheet to match the following:

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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 148-2. (Use appropriate factor(s) from the tables provided.) A 1 Chapter 14: Applying Excel 2 3 Data: 4 Example E B C 5 Cost of equipment needed $ 430,000 6 Working capital needed $ 60,000 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 $ 435,000 11 Cost of goods sold $ 250,000 12 Out-of-pocket operating costs $ 60,000 13 Discount rate 14%

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