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Which one of these statements related to discounted payback is correct? Payback is a better method of analysis than discounted payback. Discounted payback is used

Which one of these statements related to discounted payback is correct?

Payback is a better method of analysis than discounted payback.

Discounted payback is used more frequently in business than payback.

Discounted payback does not require a cutoff point.

Discounted payback is biased towards long-term projects.

The discounted payback period decreases as the discount rate decreases.

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