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In capital budgeting, the NPV method is preferred to other alternatives such as payback period, PI or IRR. The justification is: Financial management seeks to

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In capital budgeting, the NPV method is preferred to other alternatives such as payback period, PI or IRR. The justification is: Financial management seeks to maximize firm's net income. Financial management seeks to maximize firm's price-earnings ratio. Financial management seeks to maximize firm's shareholder value. Financial management seeks to maximize firm's ROE

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