The payback period can only be used if net cash inflows are uniform throughout a project's life.

Name: The payback period can only be used if net cash inflows are uniform throughout a project's life.
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Question

Quizplus · Accepted Answer

The payback period can be used even if net cash inflows vary each year; it involves calculating the time it takes for cumulative cash flows to equal the initial investment, regardless of whether these cash flows are uniform or not.

The Payback Period Can Only Be Used If Net Cash