What is the basic difference between the payback method and the net present value method?

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What is the basic difference between the payback method and the net present value method?
Net Present Value
What is NPV? The net present value is an important tool for capital budgeting decision to assess that an investment in a project is worthwhile or not? The net present value of a project is calculated before taking up the investment decision at...
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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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