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Which of the following best explains the continuing popularity of the payback method? Answer Mathematical simplicity and some insight into the riskiness of cash flows.
Which of the following best explains the continuing popularity of the payback method? Answer Mathematical simplicity and some insight into the riskiness of cash flows. Uses all cash flows and takes into account the time value of money. Reliably selects the projects that add most value to the firm. It provides objective selection criteria and is taught as the primary method in most business schools
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