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Which of the following statements is incorrect? Group of answer choices The payback method is not a discounted cash flow technique. Most of the answers

Which of the following statements is incorrect? Group of answer choices

The payback method is not a discounted cash flow technique.

Most of the answers are correct except one.

The IRR cannot be used effectively for projects with unconventional cash flows.

The ARR is based on accounting numbers and ignores the time value of money.

The accounting rate of return (ARR) calculation adjust or account for the timing or risk associated with future cash flows.

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