Laughing 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 Laughing invest in the machinery? 8. Calculate the payback. Amount invested 1,400,000 Payback Expected annual net cash inflow 200,000 11 7 years 9. Calculate the ARR. Round the percentage to two decimal places. : 11 ARR 1 11 % - Data Table Initial investment Residual value Expected annual net cash inflows Expected useful life Required rate of return $ 1,400,000 300,000 200,000 10 years 19% Choose from er