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The discounted payback period is typically shorter than the nominal payback period for a given set of cash flows. Agree or disagree, and why. Profitability

The discounted payback period is typically shorter than the nominal payback period for a given set of cash flows. Agree or disagree, and why.
Profitability index is a better measure for ranking a series of project proposals than Net Present Value. Agree or disagree, and why.

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