Quary Company is considering an investment in machinery with the following information. The company's required rate of return is $12\%($PV nit $$1$ FV of $$1$ PVA af $$1$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

$8$

point

Initial investment.

$ $320,000$

Materials, labor, and overhead $($except depreciation$)$

$$64,000$

Useful life

$9$ years

Depreciation$-$Machinery

$32,000$

selivere telue

i$.32,000$

selling, general, and administrative expenses

$24,000$

Expected sales per year

$11,000$ units

Selling price per unit

$ $14$

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 $12\%?$ Hint. It is not necessary to compute the IRR to tonswer this question.

Complete this question by entering vour answers in the tabs below.

Required A

Compute the investment's net present value.

Note: 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.

$\backslash$table$[[,$Mitersh flown,Present Value,$=,\backslash$table$[[$Present Value of Net$],[$Cash Flows$]]],[$Years $1\mathrm{.}9,,,=,],[$Year $9$ salvage,,,$=,],[$Totals$,,,,$$