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Which of the statements below is TRUE of the payback period method?Select one:a . It ignores the cash flow after the initial outflow has been
Which of the statements below is TRUE of the payback period method?Select one:a It ignores the cash flow after the initial outflow has been recovered.b It focuses on cash flows after the initial outflow has been recovered. c It incorporates timevalueofmoney principles. d It is biased against projects with earlyterm payouts.
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