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Which of the following statements is correct regarding the payback method for a project if the cutoff period is three years? Multiple Choice The cash

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Which of the following statements is correct regarding the payback method for a project if the cutoff period is three years? Multiple Choice The cash flows in each of the three years must be positive if the project is to be accepted. Each dollar in Year 2's cash flow is valued just as highly as each dollar in Year 1's cash flow. The cash flow in Year 3 is ignored. The project is acceptable whenever the payback period exceeds three years

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