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Choose true or false as applicable for each of the following items as they pertain to the payback period. The payback period takes the time

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Choose "true" or "false" as applicable for each of the following items as they pertain to the payback period. The payback period takes the time value of money into consideration. The payback period uses cash inflows but ignores cash outflows. The payback period ignores cash flows that occur after the payback period is reached. The payback period should ALWAYS be calculated by dividing the cost of the investment by the annual net cash flows

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