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I have difficulties in doing this essay question. Compare and contrast the use of the Payback Method versus the Discounted Payback Method for analyzing a

I have difficulties in doing this essay question.

Compare and contrast the use of the Payback Method versus the Discounted Payback Method for analyzing a potential new project. Describe an advantage and disadvantage for using payback methods versus other capital budgeting methods (i.e. NPV, IRR).

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