Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 1 Chapter 13: Applying Excel Part 2 of 2 points 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 11 Cost of goods sold Out-of-pocket operating costs 13 Discount rate $ $ $ $ 310,000 30,000 25,000 35,000 $ $ $ 385,000 230,000 60,000 17 % 12 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.) Answer is complete but not entirely correct. Net present value $ (41,753) c. The internal rate of return is between what two whole discount rates (e.g., between 10% and 11%, between 11% and 12%, between 12% and 13%, between 13% and 14%, etc.)? Answer is complete but not entirely correct. The internal rate of retum is between 13 % and 13 % d. Reset the discount rate to 17%. Suppose the salvage value is uncertain. How large would the salvage value have to be to result in a positive net present value? Answer is complete but not entirely correct. Minimum salvage value required to generate a positive present value $ 206,544 X