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What are two disadvantages of the Payback Rule? i. Cannot be used to choose among projects ii. Arbitrary cutoff/target iii. Ignores cash flows after cutoff
What are two disadvantages of the Payback Rule? i. Cannot be used to choose among projects ii. Arbitrary cutoff/target iii. Ignores cash flows after cutoff completely iv. Uses net income and not cash flows ii and iv i and iv ii and iii I and
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