Which one of the following would not be a step in the payback method of capital investment appraisal?
A) Determining the cash outflows associated with the proposed investment project.
B) Determining the cash inflows associated with the proposed investment project.
C) Determining the depreciation on the investment in the proposed investment project.
D) Ranking the projects according to the length of time taken to repay the initial investment in each proposed investment project.
Correct Answer:
Verified
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