Multiple Choice
The payback method is a convenient and useful tool because
A) it provides a quick estimate of how rapidly an initial investment will be recouped.
B) it considers all of a project's relevant cash flows.
C) it considers the time value of money.
D) the required payback period for all of a firm's projects must be identical.
E) it only considers the cash flows within the current period of 12 months.
Correct Answer:
Verified
Correct Answer:
Verified
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