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 FVA of $1) Note: Use appropriate factor(s) from the tables provided. Initial investment Useful 11 Salvage value Expected sales per year $201,000 9 years $20,100 11,000 units 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. $ 47,000 20,100 7,000 5 11 b. Using the answer from part a. Is the Investment's nternal 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. Note: 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 1-9 Year 9 salvage Totals Net Cash Flows Present Value Present Value of Net Cash Flows Required B >