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T or F 1. Decision based on payback can lead to bad decisions because it doesn't consider time value of money 2. When deciding on

T or F

1. Decision based on payback can lead to bad decisions because it doesn't consider time value of money

2. When deciding on mutually exclusive projects, project with higher IRR will always be the best project to choose

3. Cutoff date is in payback/discounted payback rule is determined with careful analysis

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