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1.a What is payback period? What are the disadvantages of using payback period? d. Briefly compare and contrast NPV, PI, and IRR criteria. c. What

1.a What is payback period? What are the disadvantages of using payback period?

d. Briefly compare and contrast NPV, PI, and IRR criteria.

c. What are the advantages and disadvantages of each of the above methods?

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