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A jet engine manufacturer wishes to contrast the financial benefits of a range of possible new products. The CEO insists that the firm should rely
A jet engine manufacturer wishes to contrast the financial benefits of a range of possible new products. The CEO insists that the firm should rely upon the payback period to assess the options available, while the CFO is demanding that the investment decision relies solely upon the internal rate of return. Provide a brief analysis of the most appropriate method for the firm, if they are to determine which engine, from a range of different options, they are to develop and produce.
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