Chapter 14: 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 14B-1 and Exhibit 14B-2. (Use appropriate factor(s) from the tables provided.) A 1 Chapter 14: Applying Excel 2 3 Data 4 Example E B C 67 5 Cost of equipment needed Working capital needed $ 160,000 $ 20,000 7 Overhaul of equipment in four years $ 20,000 8 Salvage value of the equipment in five years 25,000 9 Annual revenues and costs: 10 Sales revenues 400,000 11 Cost of goods sold 260,000 12 22 Out-of-pocket operating costs $ 90,000 13 Discount rate 17%