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fortunes of the company. Lok earned financial and investment decisions. 2.Payback period is the number of years required for a company to recover the initial
fortunes of the company. Lok earned financial and investment decisions. 2.Payback period is the number of years required for a company to recover the initial investment cost. The shorter the payback period, the better the project. Decision Criteria of NPV If NPV>0, accept the project If NPV cost of capital Reject the project if IRR Step by Step Solution
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Principles Of International Auditing And Assurance
Authors: Rick Hayes, Philip Wallage, Peter Eimers
4th Edition
9463720065, 978-9463720069
