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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 after-tax cash inflows and after-tax 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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