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Which of the following statements about investment criteria is FALSE? Payback period rule is biased in favor of short-term projects. O Projects with non-conventional cash

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Which of the following statements about investment criteria is FALSE? Payback period rule is biased in favor of short-term projects. O Projects with non-conventional cash flow streams can have multiple IRRs. o Discounted payback period rule does not have an objective way of making the decision For projects with positive required rates of return, discounted payback period is always shorter than payback period

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