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 Materials, labor, and overhead (except depreciation) Useful life 9 years Depreciation-Machinery Salvage value $ 32,000 Expected sales per year Selling, general, and administrative expenses 10,000 units, Selling price per unit $ 58,000 12,000 18,000 $ 24 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.) Net Cash Flows X Present Value Years 1-9 Year 9 salvage Present Value of Net Cash Flows