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Which one of the following statements regarding the payback technique is false? Select one: a. The longer the payback period, the sooner the manager gets

Which one of the following statements regarding the payback technique is false? Select one:

\a. The longer the payback period, the sooner the manager gets their money back

b. It is a tool that can be used to decide whether to accept or reject a project.

c. It measures the length of time it takes a business to recover the initial investment from cash generated by the investment

d. It is a non-discounted capital budgeting approach

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