Required information The Chapter 13 Form worksheet is to be used to create your own worksheet version of Example E and Exhibit 13-8 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 13B-1 and Exhibit 13B-2. (Use appropriate factor(s) from the tables provided.) A B C Chapter 13: Applying Excel 1 2 Data Example E Cost of equipment needed $ 350,000 Working capital needed 50,000 Overhaul of equipment in four years 30,000 Salvage value the equipment in five years 35,000 Annual revenues and costs: Sales revenues 435,000 10 Cost of goods sold 260,000 11 Out-of-pocket operating costs 12 65,000 16% Discount rate 13 Required information 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 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.)? The internal rate of return is between % and d. Reset the discount rate to 16%. 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 Required information The Chapter 13 Form worksheet is to be used to create your own worksheet version of Example E and Exhibit 13-8 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 13B-1 and Exhibit 13B-2. (Use appropriate factor(s) from the tables provided.) A B C Chapter 13: Applying Excel 1 2 Data Example E Cost of equipment needed $ 350,000 Working capital needed 50,000 Overhaul of equipment in four years 30,000 Salvage value the equipment in five years 35,000 Annual revenues and costs: Sales revenues 435,000 10 Cost of goods sold 260,000 11 Out-of-pocket operating costs 12 65,000 16% Discount rate 13 Required information 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 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.)? The internal rate of return is between % and d. Reset the discount rate to 16%. 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