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 138.1 and Exhibit 13B-2 (Use appropriate factor(s) from the tables provided.) Chapter 13: Applying Excel $ Example E Cost of equipment needed Working capital needed Overhaul of equipment in four years Salvage value of the equipment in five years Annual revenues and costs: 420,000 60.000 35.000 25.000 9 Sales revenues 435.000 245.000 Cost of goods sold Out-of-pocket operating costs Discount rate 60.000 13 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 d. Reset the discount rate to 15%. 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 value required to generate a positive present value