uary Company is considering an investment in machinery with the following information. The company's required rate of return is 14%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment $ 258,000 Useful life Salvage value Expected sales per year 9 years $ 25,800 12,000 units Materials, labor, and overhead (except depreciation) Depreciation-Machinery $ 49,000 25,800 Selling, general, and administrative expenses Selling price per unit 9,000 $ 12 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 14%? 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 Net Cash Flows X Present Value Present Value of Net Cash Flows < Required A Required B >