Lockwood Company is considering a capital investment in machinery (Click the icon to view the data.) 8. Calculate the payback Payback years 9. Calculate the ARR. Round the percentage to lwe decimal places ARR 10. Based on your answers to the above questions, should Lockwood invest in the machinery? Lockwood invest in the machinery. The expected ARRIS W than the company's required rate of return 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? Data Table - X Initial investment Residual value $ 600,000 50,000 100,000 Expected annual net cash inflows Expected useful life Required rate of return 8 years 12% Print Done