es Required information. Chapter 12: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Step 1: Download the Applying Excel form located on the left-hand side, under files. If you have trouble, the file is also located in D2L under Course Files and Resources. Step 2: The Chapter 12 Form worksheet is to be used to create your own worksheet version of Example E and Exhibit 12-8 in the text. Verify that your worksheet matches the example in the text. Then enter formulas in all cells that contain question marks. For example, in cell C21 enter the formula "-B10". Step 3: Check your worksheet by changing the discount rate to 10%. The net present value should now be between $56,400 and $56,535-depending on the precision of the calculations. If you do not get an answer in this range, find the errors in your worksheet, and correct them. If you did not use formulas to calculate the Discount Factors, be sure that those values are updated appropriately using the Appendix 12B formulas that are also noted at the bottom of the spreadsheet instead of using the Discount Factor tables. Note: The present value factors could be computed using the built-in Excel function PV, but we recommend using the formulas in Appendix 12B. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Step 4: Proceed to the requirements below only after completing your worksheet as it will be used to answer the following questions. 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.) 1 Chapter 12: Applying Excel 2 3. Data B C