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8. The payback method of capital budgeting has which of the following problems? a. puts too much weight on cash flows occurring after payback of

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8. The payback method of capital budgeting has which of the following problems? a. puts too much weight on cash flows occurring after payback of the initial investment b. fails to account for the time value of money 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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