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 EVA of $1) (Use appropriate factor(s) from the tables provided.) nts Initial investment $288,000 Useful life Salvage value Expected sales per year $ 28,800 Selling, general, and administrative expenses 12,000 units Selling price per unit Materials, labor, and overhead (except depreciation) 7 years Depreciation-Machinery $ 56,000 28,800 16,000 $12 eBook a. Compute the investment's net present value. Ask Print eferences 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 1-7 Year 7 salvage Totals Net Cash Flows Present Value Present Value of Net Cash Flows $ Pasuled B