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Why is the payback period often criticized because Group of answer choices It requires the estimate of a hurdle rate that is subject to uncertain
Why is the payback period often criticized because Group of answer choices It requires the estimate of a hurdle rate that is subject to uncertain economic effects. It is based on accounting income, which most likely differs from the actual cash flows. It ignores the cash flows after the end of the payback period. It requires trial and error to determine the quantitative amount on which to make a decision.
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