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There are several disadvantages to the payback method, among them: Payback ignores the time value of money Payback emphasized receiving money back as fast as

  1. There are several disadvantages to the payback method, among them:
    1. Payback ignores the time value of money
    2. Payback emphasized receiving money back as fast as possible for reinvestment
    3. Payback is basic to use and understand
    4. Payback can be used in conjunction with time-adjusted methods of evaluation

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