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Please explain why the net present value (NPV) method is preferred over the payback method when evaluating alternative capital budgeting projects.
Please explain why the net present value (NPV) method is preferred over the payback method when evaluating alternative capital budgeting projects.
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Financial Accounting
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
