A B C Chapter 12: Applying Excel 1 2 3 Data 4 Example E 5 Cost of equipment needed 6 Working capital needed 7 Overhaul of equipment in four years SSS 8 Salvage value of the equipment in five years 69 250,000 $ 25,000 $ 25,000 25,000 9 Annual revenues and costs: 10 Sales revenues 69 $ 370,000 11 Cost of goods sold 12 Out-of-pocket operating costs 6969 $ 230,000 $ 70,000 13 Discount rate 13 %