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Capital budgeting techniques aid business with investment decision making. Many approaches can be used, with some being more advanced than others. Describe the payback period

Capital budgeting techniques aid business with investment decision making. Many approaches can be used, with some being more advanced than others.

  • Describe the payback period approach to capital budgeting.
  • Explain 1 advantage and 1 disadvantage of the technique.
  • Explain why it would be wise for a financial manager to learn advanced capital budgeting techniques.

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