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.) C 1 Chapter 14: Applying Excel 2 3 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 9 Annual revenues and costs 10 Sales revenues 11 Cost of goods sold 12 Out-of-pocket operating costs 13 Discount rate 5 $ $ $ 230,000 20,000 25,000 20.000 $ $ 420,000 265,000 85,000 16% $ d. Reset the discount rate to 16%, Suppose the salvage value is uncertain. How large would the salvage value have to be to result in a positive net present value? Answer is complete but not entirely correct. Minimum salvapo value required to generate a positive present value $ 35,425