udgeting Excel Assignment 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 148-1 and Exhibit 148-2 (Use appropriate factor(s) from the tables provided.) A B 1 Chapter 14: Applying Excel 2 3 Data 4 Example E 5 Cost of equipment needed S 100 000 6 Working capital needed $ 60,000 7 Overhaul of equipment in four years S 10,000 8 Salvage value of the equipment in five years S 40,000 9 Annual revenues and costs 10 Sales revenues S 305,000 11 Cost of goods sold 5 256,000 12 13 Out-of-pocket opening costs Discounte $ 80,000 15% 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.) c. The internal rate of return is between what two whole discount rates (eg, between 10% and 1%, between 1% and 12%, between 12% and 13%, between 13% and 14%, etc)? d. Reset the discount rate to 15% Suppose the salvage value is uncertain. How large would the selvage value have to be to result in a positive net present value? Ph