Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Some firms use the payback period as a decision criterion or as a supplement to sophisticated decision techniques because a . the determination of payback

Some firms use the payback period as a decision criterion or as a supplement to sophisticated decision techniques because
a.
the determination of payback is an objectively determined criteria.
b.
it shows how quickly the cost is recovered that can be viewed as a measure of risk exposure.
c.
it can take the place of the net present value approach.
d.
it explicitly considers the time value of money.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

8th Edition

0324258917, 9780324258912

More Books

Students also viewed these Finance questions