5 Quary Company is considering an investment in machinery with the following information. The company's required rate of return is 10%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) 8 points eBook Print Mc Graw Initial investment Useful life Salvage value Expected sales per year $ 310,000 $ 21,600 12,000 units 8 years Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Selling price per unit 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 10%? Complete this question by entering your answers in the tabs below. $ 61,000 36,000 21,000 $ 12 Required A Required B Compute the investment's net present value. (Negative net present values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar.) Chart Values are Based on: n= i = 8 10% Year Cash Inflow x PV Factor Present Value Years 1-8 Year 8 salvage $ 0 < Required A Required B > < Prev 5 of 5 Next > Check my work