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Which of the following statements about the evaluation of an investment having uneven cash flows using the payback method is correct? Select one: a. It

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Which of the following statements about the evaluation of an investment having uneven cash flows using the payback method is correct? Select one: a. It will produce essentially the same results as those obtained through the use of discounted cash flow techniques. O b. It can be done only by matching cash inflows and investment outflows on a year-by-year basis. c. It CANNOT be done. d. It requires the use of a sophisticated calculator or computer software

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