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Which of the following is NOT true? Payback ignores the time value of money. Payback includes the relationship between risk and return in the calculation.

Which of the following is NOT true? Payback ignores the time value of money. Payback includes the relationship between risk and return in the calculation. Payback ignores the cash flows after you break even. Payback requires using an arbitrary cutoff point. Payback is biased against long-term projects.

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