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8. The payback method of capital budgeting has which of the following problems? a. ignores cash flows occurring after payback of the initial investment ob.
8. The payback method of capital budgeting has which of the following problems? a. ignores cash flows occurring after payback of the initial investment ob. fails to account for the time value of money C c. accepts projects that have payback periods longer than the firm's established maximum d. rejects projects that have payback periods shorter than the firm's established minimum e. both a and b
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