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Which of the following is true of the cash payback period? the shorter the payback, the less likely the possibility of obsolescence the longer the

Which of the following is true of the cash payback period?

the shorter the payback, the less likely the possibility of obsolescence

the longer the payback, the longer the estimated life of the asset

All of the answers are correct

the longer the payback, the sooner the cash spent on the investment is recovered

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