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Q1. (a) Briefly explain the problems associated with the payback method. (6 marks) (b) Suppose you are a project manager in a firm. Will you

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Q1. (a) Briefly explain the problems associated with the payback method. (6 marks) (b) Suppose you are a project manager in a firm. Will you prefer to use NPV or payback method to choose among different projects? Give reasons to support your answer. (4 marks)

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