PLEASE ENTER FORMULAS AS WELL INTO THE EXCEL. THANK YOU!

Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C21 enter the formula "= B10". Note: The present value factors could be computed using the built-in Excel function PV, but we recommend using the formulas in Appendix 14B. Verify that your worksheet matches the example in the text. 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 14B formulas that are also noted at the bottom of the spreadsheet instead of using the Discount Factor tables. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse. Next, click Save. You will use this worksheet to answer the questions in Part 2. B C D E F G 1 Chapter 14: Applying Excel 2 3 Data 4 Example E 5 Cost of equipment needed $60,000 6 Working capital needed $100,000 7 Overhaul of equipment in four years $5,000 8 Salvage value of the equipment in five years $10,000 9 Annual revenues and costs: 10 Sales revenues $200,000 11 Cost of goods sold $125,000 12 Out-of-pocket operating costs $35,000 13 Discount rate 14% 14 15 Enter a formula into each of the cells marked with a ? below 16 Exhibit 14-8 17 18 Now 19 Purchase of equipment ? 20 Investment in working capital ? 21 Sales 22 Cost of goods sold 23 Out-of-pocket operating costs 24 Overhaul of equipment 25 Salvage value of the equipment 26 Working capital released 27 Total cash flows (a) ? 28 Discount factor (14%) (b) ? 29 Present value of cash flows (a) x (b) ? 30 Net present value ? 31 32 *Use the formulas from Appendix 13B: 33 Present value of $1 = 1/(1+r)^n 34 Present value of an annuity of $1 = (1/r)*(1-(1/(1+r)^n)) 35 where n is the number of years and r is the discount rate Years 3 1 2 4 5