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Just need some help too clarify these accounting questions --What is meant by the term discounting? --As the discount rate increases,the present value of a

Just need some help too clarify these accounting questions

--What is meant by the term discounting?

--As the discount rate increases,the present value of a given future cash flow also increases.Do you agree?Explain?

--What is the major criticism of the paybacks and simple rate of return methods of making capital budgeting decisions?

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