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The payback method is a convenient and useful tool because Multiple Choice O it provides a quick estimate of how rapidly an initial investment will
The payback method is a convenient and useful tool because Multiple Choice O it provides a quick estimate of how rapidly an initial investment will be recouped. O it considers all of a project's relevant cash flows. O it considers the time value of money. the required payback period for all of a firm's projects must be identical. O it only considers the cash flows within the current period of 12 months
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