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Which of the following is not a characteristic of the payback method for making capital budgeting decisions?Group of answer choicesIt can be considered a rough
Which of the following is not a characteristic of the payback method for making capital budgeting decisions?Group of answer choicesIt can be considered a rough measure of risk.It considers returns over the entire life of the project.It requires estimates of aftertax cash inflows and aftertax cash outflows.It focuses primarily on liquidity, rather than profitability of an investment project.It is easy to calculate and comprehend.
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