11 Quary Company is considering an investment in machinery with the following information. The company's required rate of return is 12% (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) 25 Initial investment $200,000 Useful life points 9 years Materials, labor, and overhead (except depreciation) Depreciation-Machinery $ 45,000 20,000 Salvage value Expected sales per year $ 20,000 10,000 unite Selling, general, and administrative expenses Selling price per unit 5,000 $ 10 Book a. Compute the investment's net present value. b. Using the answer from part a, is the investment's internal rate of return higher or lower than 12%? Hint: It is not necessary to compute the IRR to answer this question. Print Complete this question by entering your answers in the tabs below. References Required A Required B Compute the investment's net present value. (Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar.) Years 1-9 Year 9 salvage Totals Net present value Initial investment Net Cash Flows Present Value Present Value of Net Cash Flows S 50,000 x 20.000 x $