The payback method has been criticised for not taking the time value of money into account. Could
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The payback method has been criticised for not taking the time value of money into account. Could this limitation be overcome? If so, would this method then be preferable to the NPV method?
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Related Book For 
Accounting And Finance For Non Specialists
ISBN: 9780273702443
5th Edition
Authors: Dr Peter Atrill, Eddie Mclaney
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