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 B 2 3 Data 4 Example E 5 Cost of equipment needed $ 160,000 6 Working capital needed $ 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 Out-of-pocket operating costs $ 90,000 13 Discount rate 17% a. What is the net present value of the project? (Negative amount should be indicated by a minus sign. Round your present value factor to 3 decimals and round all other intermediate calculations to nearest whole dollar.) Net present value