=+E15-21 Identify error in capital investment analysis calculations Obj 2 Integrated Technologies Inc. is considering the purchase
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=+E15-21 Identify error in capital investment analysis calculations Obj 2 Integrated Technologies Inc. is considering the purchase of automated machinery that is ex¬
pected to have a useful life offour years and no residual value. The average rate ofreturn on the average investment has been computed to be 25%, and the cash payback period was computed to be 4.5 years.
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