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Why is the payback method of investment appraisal often considered inferior to NPV? O A. Because it does not take account of the time value

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Why is the payback method of investment appraisal often considered inferior to NPV? O A. Because it does not take account of the time value of money B. Because it does not calculate how long it will take to recoup the money invested C. Because it uses profits rather than cash flows in the evaluation D. Because it is more difficult to calculate

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