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) (Use appropriate factor(s) from the tables provided.) Initial investment Useful life Salvage value Expected sales per year $ 200,000 9 years Materials, labor, and overhead (except depreciation) Depreciation-Machinery $ 20,000 10,000 units Selling, general, and administrative expenses Selling price per unit $ 45,000 20,000 5,000 $ 10 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. (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 B