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 $ 200,000 Useful life. Materials, labor, and overhead (except depreciation) 9 years Depreciation-Machinery Salvage value $ 20,000 Expected sales per year 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.) Net Cash Flows Present Value of Net Present Value Cash Flows Years 1-91 Year 9 salvage Totals $ 0 Required A Required B >