A major disadvantage of the discounted payback period is the arbitrariness of the process used to select the maximum desired payback period.

Name: A major disadvantage of the discounted payback period is the arbitrariness of the process used to select the maximum desired payback period.
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The discounted payback period method requires a predetermined maximum desired payback period, which is often an arbitrary selection that may not reflect the actual requirements of the project or the company.

A Major Disadvantage of the Discounted Payback Period Is the Arbitrariness