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 PVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment $ 201,000 Materials, labor, and overhead (except depreciation) $ 47,000 Useful life 9 years DepreciationMachinery 20,100 Salvage value $ 20,100 Selling, general, and administrative expenses 7,000 Expected sales per year 11,000 units Selling price per unit $ 11 a. Compute the investment's net present value. b. Using the answer from part a, is the investments internal rate of return higher or lower than 12%? Hint: It is not necessary to compute the IRR to answer this question. 9 Answer is not complete. 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 Initial investment Net present value Required B >