Quary Company is considering an investment in machinery with the following information. The company's required...

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Accounting

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.
\table[[,Mitersh flown,Present Value,=,\table[[Present Value of Net],[Cash Flows]]],[Years 1.9,,,=,],[Year 9 salvage,,,=,],[Totals,,,,$
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