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 128-1 and Exhibit 128-2. (Use appropriate factor(s) from the tables provided.) A B C 1 Chapter 12: Applying Excel 2 3 Data 4 Example E 5 Cost of equipment needed. $ 430,000 6 Working capital needed. $ 45,000 7 Overhaul of equipment in four years $ 35,000 8 Salvage value of the equipment in five years $ 20,000 9 Annual revenues and costs: 10 Sales revenues $ 435,000 11 Cost of goods sold $ 245,000 12 Out-of-pocket operating costs $ 50,000 13 Discount rate 17 %