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Which ONE of the following statements about the payback method is true? >The payback method is consistent with the goal of shareholder wealth maximization >The
Which ONE of the following statements about the payback method is true?
| >The payback method is consistent with the goal of shareholder wealth maximization |
| >The payback method represents the number of years it takes a project to recover its initial investment plus a required rate of return. |
| >There is no economic rational that links the payback method to shareholder wealth maximization. |
| >None of these statements are true. |
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