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Which of the following is a disadvantage of using the average accounting return (AAR) rule for capital budgeting? It is biased against long-term projects. It

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Which of the following is a disadvantage of using the average accounting return (AAR) rule for capital budgeting? It is biased against long-term projects. It is difficult to calculate The information needed to calculate AAR is difficult to obtain O it is not based on market valde It is biased towards liquidity

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