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Which of the Following Figures of Merit Does Not Directly

Question 12

Multiple Choice

Which of the following figures of merit does not directly take into consideration the time value of money?
I.Payback period
II.Internal rate of return
III.Net present value (NPV)
IV.Accounting rate of return


A) IV only
B) I & III only
C) II & III only
D) I & II only
E) I & IV only
F) I, II, III, and IV

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