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K Lockwood Company is considering a capital investment in machinery: (Click the icon to view the data.) 8. Calculate the payback 9. Calculate the

K Lockwood Company is considering a capital investment in machinery: (Click the icon to view the data.) 8. Calculate the payback 9. Calculate the ARR. Round the percentage to two decimal places. 10. Based on your answers to the above questions, should Lockwood invest in the machinery? 8. Calculate the payback. 9. Calculate the ARR. Round the percentage to two decimal places. Payback years ARR 10. Based on your answers to the above questions, should Lockwood invest in the machinery? invest in the machinery. The expected ARR is Lockwood than the company's required rate of return.

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