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The payback period is deficient as a decision criterion for capital projects because it I. Disregards relative profitability II . Ignores income beyond the payback
The payback period is deficient as a decision criterion for capital projects because it
I. Disregards relative profitability
II Ignores income beyond the payback period
III. Does not take into account the time value of money
Question options:
a I only
b II only
c III only
d I, II and III
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