Which of the following capital budgeting evaluation techniques is based on the concept that it is better to recover the cost of (investment in) a project sooner rather than later?
A) Internal rate of return (IRR)
B) Traditional payback period (PB)
C) Modified internal rate of return (MIRR)
D) Net present value (NPV)
E) Present value (PV) of cash flows
Correct Answer:
Verified
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