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The discounted payback period of a project: a. Is shorter than payback period if discount rate is a positive number b. Is longer than payback
The discounted payback period of a project:
a. Is shorter than payback period if discount rate is a positive number
b. Is longer than payback period if discount rate is a positive number
c. Is easier to calculate than payback period
d. Favours long-term projects over short-run projects
e. Has all the weaknesses of payback period as a capital budgeting tool
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