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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 148-1 and Exhibit 14B-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 $ 420,000 6 Working capital needed $ 35,000 7 Overhaul of equipment in four years $ 30,000 B Salvage value of the equipment in five years $ 40,000 9 Annual revenues and costs: 1 10 Sales revenues $ 430,000 11 Cost of goods sold $ 230,000 12 Out-of-pocket operating costs $ 65,000 13 Discount rate 18 % 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 prosent value

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