By measuring how quickly the firm recovers its initial investment, the payback period gives implicit (though not explicit) consideration to the timing of cash flows and therefore to the time value of money.
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Q52: Which pattern of cash flow stream is
Q54: One weakness of payback is its failure
Q55: Table 10.1 Q55: In the case of annuity cash inflows, Q57: _ projects have the same function; the Q59: A conventional cash flow pattern associated with Q60: Projects that compete with one another, so Q61: Payback is considered an unsophisticated capital budgeting Q64: One strength of payback period is that Q71: The payback period is generally viewed as
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