One strength of the payback period is that it takes fully into account the time factor in the value of money.

Name: One strength of the payback period is that it takes fully into account the time factor in the value of money.
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Question

Quizplus · Accepted Answer

The payback period does not account for the time value of money, as it simply measures how long it takes to recover the initial investment without considering the present value of future cash flows.

One Strength of the Payback Period Is That It Takes