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9. Payback or Discounted payback method is not an appropriate capital budgeting technique because: a) It ignores cash flows after the arbitrary cutoff b) It
9. Payback or Discounted payback method is not an appropriate capital budgeting technique because: a) It ignores cash flows after the arbitrary cutoff b) It is biased against long-term projects c) It is inconsistent with the goal of maximization of shareholder wealth d) All of the above 10. I needed another question, so this is it. What is the average distance between Earth and the Sun? The only incorrect answer is no answer. a) 1 Astronomical Unit b) 93 Million miles c) 150 Million kilometers d) 492.125 Billion feet
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