9-2. What are the criticisms of the use of the payback period as a capital-budgeting technique? What

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9-2. What are the criticisms of the use of the payback period as a capital-budgeting technique?

What are its advantages? Why is it so frequently used?

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Financial Management Principles And Applications

ISBN: 9780131450653

10th Edition

Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.

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