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Question 21 Which one of the following statements is correct? The payback period considers the timing and amount of all of a project's cash flows.

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Question 21 Which one of the following statements is correct? The payback period considers the timing and amount of all of a project's cash flows. The payback rule is biased in favor of long-term projects. The payback period ignores the time value of money. The payback rule states that you should accept a project if the payback period is less than one year. A longer payback period is preferred over a shorter payback period

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