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.) Initial investment $ 320,000 Useful life 9 years Materials, labor, and overhead (except depreciation) Depreciation-Machinery $ 58,000 32,000 Salvage value Expected sales per year $ 32,000 10,000 units Selling, general, and administrative expenses Selling price per unit 18,000 $ 14 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% ? 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 1-9 Year 9 salvage Totals Net Cash Flows x Present Value Present Value of Net Cash Flows $ Required A Required B>