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Which of the following is true of the cash payback period? a. The longer the payback, the longer the estimated life of the asset. b.

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

a. The longer the payback, the longer the estimated life of the asset.

b. The longer the payback, the sooner the cash spent on the investment is recovered.

c. The shorter the payback, the less likely the possibility of obsolescence.

d. All of these choices are correct.

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