Which of the following is NOT correct regarding the payback rule? a....
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Finance
- Which of the following is NOT correct regarding the payback rule?
a. It does not consider the time value of money.
b. Lacks a decision criterion that is economically based.
c. It is easy to calculate.
d. It does not consider cash flows occurring after the payback period.
e. It does compares with the cost of capital of the firm.
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