a. In words, what is the discounted payback period? Why do we say it is, in a

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a. In words, what is the discounted payback period? Why do we say it is, in a sense, a financial or economic break-even measure?
b. What advantage(s) does the discounted payback have over the ordinary payback?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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