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According to Financial Intelligence ( Chapter 2 7 ) , what is a major limitation of the payback method? Question options: 1 ) It does

According to Financial Intelligence $($ Chapter $27),$ what is a major limitation of the payback method? Question options: $1)$ It does not consider the time value of money. $2)$ It is difficult to calculate and explain. $3)$ It does not provide an accurate measure of overall profitability. $4)$ It does not take into account the risk associated with an investment.

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