Chapter 12: Applying Excel: Exercise (Part 2 of 2) (Algo) 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 12B-1 and Exhibit 12B-2. (Use appropriate factor(s) from the tables provided.) A 1 Chapter 12: Applying Excel B 2 3 Data Example E 4 Cost of equipment needed $ 440,000 5 Working capital needed 69 $ 40,000 6 Overhaul of equipment in four years $ 30,000 7 Salvage value of the equipment in five years $ 20,000 8 Annual revenues and costs: 9 Sales revenues $ 425,000 10 Cost of goods sold $ 225,000 11 Out-of-pocket operating costs $ 12 Discount rate 80,000 11 % 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 $(20,670) c. The internal rate of return is between what two whole discount rates (e.g., between 10% and 11%, between 11% and 12%, between 12% and 13%, between 13% and 14%, etc.)? The internal rate of return is between % and %