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.) B Chapter 14: Applying Excel s S Data 4 Example E 5 Cost of equipment needed 6 Working capital needed 7 Overhaul of equipment in four years 8 Salvage value of the equipment in five years Annual revenues and costs: 10 Sales revenues 11 Cost of goods sold 12 Out-of-pocket operating costs 13 Discount rate 480,000 30,000 65,000 35,000 $ $ GA 420,000 210,000 $ S 50,000 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 present value c. The internal rate of return is between what two whole discount rates (eg between 10% and 11%, between 11% and 12%, between 12% and 13%, between 13% and 14%, etc.)? The internal rate of return is between % d. Reset the discount rate to 18%. 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 valorequired to generate a positive present valus