What is the payback period? Name and discuss three possible reasons that the payback period is used
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Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...
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The payback period is the time required to recover the initial investment It is used ...View the full answer
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Related Book For 
Cost Management Accounting And Control
ISBN: 101
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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