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Which of the following statements are true regarding payback? Select all that apply. The payback rule relies on an ad hoc criteria. The payback rule
Which of the following statements are true regarding payback? Select all that apply.
The payback rule relies on an ad hoc criteria.
The payback rule ignores the time value of money and the project cost of capital.
The payback rule considers the cash flows after the payback period.
The payback rule is considered a simple calculation by firms.
Very few firms use the payback rule as part of the decision process.
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