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Which of the following statements concerning the payback period, isnottrue? a) The payback period is simple to calculate and understand. b) The payback period measures
Which of the following statements concerning the payback period, isnottrue?
a)The payback period is simple to calculate and understand.b)The payback period measures the time that a project will take to generate enough cash flows to cover the initial investment.
c)The payback period ignores cash flows after the payback point has been reached.
d)It takes account of the time value of money.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
