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 S1 PVA of S1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Initial investment $360,000 Materials, labor, and overhead (except depreciation) $ 65,000 Useful life 7 years Depreciation Machinery 36,000 Salvage value $ 36,000 Selling, general, and administrative expenses 25,000 Expected sales per year 12,000 units selling price per unit 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%? $ 15 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) Net Cash Flows Present Value Present Value of Net Cash Flows Years 1-7 Year 7 salvage Totals D. Using the answer trom part is the investments internal rate or return nigner or lower than 12% Complete this question by entering your answers in the tabs below. Required A Required 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 is the internal rate of return higher or lower than 12%?