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For which type of firms the payback period is most relevant as a metric to guide investment policy? A) For firms with ample access to
For which type of firms the payback period is most relevant as a metric to guide investment policy?
A) For firms with ample access to capital
B) For firms that have difficulty in raising capital
C) For firms that rarely face the opportunity to invest in a new project
D) For firms with a low cost of capital
E) For firms facing a NPV<0 project
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