Multiple Choice
The payback period is not an appropriate criterion for evaluating direct investment projects because:
A) it ignores the time value of money.
B) it overlooks cash flows arising after the payback period.
C) it is based on profit.
D) it both ignores the time value of money and it overlooks cash flows arising after the payback period.
Correct Answer:
Verified
Correct Answer:
Verified
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