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 1431 and Exhibit 1432. (Use appropriate foctorts] from the tables provided.) A E C 1 Chapter 14: Applying Excel 2 3 Data 4 Example E 5 Cost of equipment needed $ 480,000 6 Working capital needed 33 45,000 ? Overhaul of equipment in four 1,rears $ 35,000 8 Salvage value of the equipment in ve years 33 20,000 9 Annual revenues and costs: 10 Sales revenues $ 430,000 11 Cost of goods sold $ 240,000 12 Outofpeclcet operating eesls $ 60,000 13 Discount rate 11 '56 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.] l 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 1396, between 13% and 14%, etc}? d. Reset the discount rate to 11%. Suppose the salvage value is uncertain. How large would the salvage value have to be to resuit in a positive net present value