Quary Company is considering an investment in machinery with the following information. The company's required rate of return is 10%. (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 $ 396,000 Materials, labor, and overhead (except depreciation) 9 years Depreciation-Machinery $ 21,900 Selling, general, and administrative expenses 11,000 units Selling price per unit $ 64,000 39,000 24,000 $ 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 10%? 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.) Chart Values are Based on: n= i = 101% Cash Inflow Present Value Year Years 1-9 Year 9 salvage PV Factor = 5.7590/= 0.4241 $ 0 Present value of cash inflows Initial investment Net present value