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ABC company calculated payback period for its four proposed projects. Project A is 2 years; Project B is 3 years; Project C is 4 years

ABC company calculated payback period for its four proposed projects. Project A is 2 years; Project B is 3 years; Project C is 4 years and Project D is 5 years.

Which of project is accepted based on payback rule?

a. Project D

b. Project C

C. Project B

d. Project A

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