The time value of money is ignored by the payback period and the accounting rate of return.
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The time value of money is ignored by the payback period and the accounting rate of return. Explain why this is a major deficiency in these two models.
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Related Book For 
Introduction To Cost Accounting
ISBN: 9780538749633
1st International Edition
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
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