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Which of the following are TRUE about the discounted payback rule? I. It is easy to understand II. It biases towards short-term projects III. It

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Which of the following are TRUE about the discounted payback rule? I. It is easy to understand II. It biases towards short-term projects III. It ignores time value of money II and III I and III I and II I.II, and III Question 2 The IRR is more consistent with the SWM (shareholder wealth maximization) model than the NPV. True or False? True False

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