4 pts Question 7 Why is the payback period often criticized because It ignores the...
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Accounting
4 pts Question 7 Why is the payback period often criticized because It ignores the cash flows after the end of the payback period, It is based on accounting income, which most likely differs from the actual cash flows. It requires the estimate of a hurdle rate that is subject to uncertain economic effects. It requires trial and error to determine the quantitative amount on which to make a decision
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