Required information. 2 The Chapter 7 Form worksheet is to be used to create your own worksheet version of Example E and Exhibit 7-8 in the text 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 7B-1 and Exhibit 7B-2 (Use appropriate factor(s) from the tables provided.) A B C 1 Chapter 7: Applying Excel 2 3 Data 4 Example E 5 Cost of equipment needed $ 160,000 6 Working capital needed $ 60,000 7 Overhaul of equipment in four years $ 10,000 8 Salvage value of the equipment in five years $ 20,000 9 Annual revenues and costs: 10 Sales revenues $ 410,000 11 Cost of goods sold $ 275,000 12 Out-of-pocket operating costs $ 90,000 13 Discount rate 11 % 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