Reset the discount rate to 11%. Suppose the salvage value is uncertain. How large would the salvage value have to be to result in a positive net present value?

A B 1 Chapter 14: Applying Excel 2 N $ $ 3 Data 4 Example E 5 Cost of equipment needed 6 Working capital needed 7 Overhaul of equipment in four years 8 Salvage value of the equipment in five years 9 Annual revenues and costs: 10 Sales revenues Cost of goods sold 12 Out-of-pocket operating costs 13 Discount rate 580,000 35,000 30,000 35,000 $ $ $ 11 $ 440,000 215,000 70,000 11 % $ d. Reset the discount rate to 11%. Suppose the salvage value is uncertain. How large would the salvage value have to be to result in a positive net present value? Minimum salvage value required to generate a positive present value