Multiple Choice
The payback period rule is a convenient and useful tool because:
A) it provides a quick estimate of how rapidly the initial investment will be recouped.
B) results of a short payback rule decision will be quickly seen.
C) it does not have to take into account time value of money.
D) All of the above.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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