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Task: 8 (a) Using the same information provided under Task: 7 by ABC Real Estate and Investment Company, select the project which brings the initial

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Task: 8 (a) Using the same information provided under Task: 7 by ABC Real Estate and Investment Company, select the project which brings the initial investment back to the investor at the earliest or with the minimum time period. (3 marks) (b) Why Payback method is considered as a traditional method of evaluating capital budgeting? Give two reasons.( 2 marks)

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