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.) Cost of equipment needed $ 380,000 6 Working capital needed $ 45,000 7 Overhaul of equipment in four years $ 40,000 a Salvage value of the equipment in ve years $ 25,000 9 Annual revenues and costs: 10 a Saies revenues $ 420,000 T; Cost of goods sold :3 270,000 12 Outof-pocket operating costs $ 50,000 . 13 Discount rate 10 % 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.) 9 Answer is complete but not entirely correct. c. The internal rate of return is between what two whole discount rates (9.9., between 10% and 11%, between 11% and 12%, between 12% and 13%, between 13% and 14%, etc)? 8 Answer is complete but not entirely correct. d. Reset the discount rate to 10%. Suppose the salvage value is uncertain. How large would the salvage value have to be to result in a positive net present value? 6 Answer is complete but not entirely correct