Quary Company is considering an investment in machinery with the following information. The company's required rate of return is 14%. (PV of $1. EV of $1. PVA of $1, and EVA of S1) (Use appropriate factor(s) from the tables provided.) Initial investment $ 288,000 Useful life Materials, labor, and overhead (except depreciation) 9 years Depreciation-Machinery $ 54,000 Salvage value $ 28,800 Expected sales per year 10,000 units Selling, general, and administrative expenses Selling price per unit 28,800 14,000 $ 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 14% ? Complete this question by entering your answers in the tabs below. ces 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 Years 1-9 Year 9 salvage 28,800 Totals Initial investment Net present value Present Value Present Value of Net Cash Flows S 288,000 288,000 Required A Required B >