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The cash payback method is widely used in evaluating investments. The following are reasons why this method is used except: a. The shorter the payback,

The cash payback method is widely used in evaluating investments. The following are reasons why this method is used except: a. The shorter the payback, the least likely the possibility of obsolescence b. The longer the payback, the longer the estimated life of the asset. c. The shorter the payback, the sooner the cash spend on the investment is recovered. d. All of the above are correct

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