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 2 3 Data 4 Example E B 5 Cost of equipment needed 410,000 6 Working capital needed $ 20,000 7 Overhaul of equipment in four years $ 45,000 8 Salvage value of the equipment in five years $ 20,000 9 Annual revenues and costs: 10 Sales revenues $ 435,000 11 Cost of goods sold $ 260,000 12 Out-of-pocket operating costs $ 65,000 13 Discount rate 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? Minimum salvage value required to generate a positive present value