What is a weakness of the cash payback approach? (a) It uses accrual-based accounting numbers. (b) It

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What is a weakness of the cash payback approach?

(a) It uses accrual-based accounting numbers.

(b) It ignores the time value of money.

(c) It ignores the useful life of alternative projects.

(d) Both (b) and (c) are true.

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