ces Quary Company is considering an Investment in machinery with the following Information. The company's required rate of return is 12%. (PV of $1. FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment Useful life Salvage value Expected sales per year $201,000 Materials, labor, and overhead (except depreciation) years Depreciation-Machinery $20,100 Selling, general, and administrative expenses 11,000 unite Selling price per unit $59,000 20,100 19,000 12 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. Complete this question by entering your answers in the tabs below. 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.) Years 1-8 Year 8 salvage Totals Present Value of Net Cash Flows Net Cash Flows Present Value 20,100 + $ Required B >