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Identify Error in Capital Investment Analysis Calculations Artscape Inc. is considering the purchase of automated machinery that is expected to have a useful life of

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Identify Error in Capital Investment Analysis Calculations Artscape Inc. is considering the purchase of automated machinery that is expected to have a useful life of five years and no residual value. The average rate of retum on the average investment has been computed to be 20%, and the cash payback period was computed to be 5.5 years. Do you see any reason to question the validity of the data presented

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