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A major disadvantage of the payback period method is that it a. Is useless as a risk indicator. b. Ignores cash flows beyond the payback
A major disadvantage of the payback period method is that it
a. Is useless as a risk indicator.
b. Ignores cash flows beyond the payback period.
c. Does not directly account for the time value of money.
d. Statements b and c are correct.
e. All of the statements above are correct.
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