Which of the following is the capital budgeting technique that has the weakest connection to the goal of value maximization?

Question

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The payback period is a simple capital budgeting technique that only considers the time it takes to recoup the initial investment. It does not take into account the time value of money or the potential returns beyond the payback period. As a result, it has the weakest connection to the goal of value maximization compared to other capital budgeting techniques such as net present value, profitability index, and internal rate of return.

Which of the Following Is the Capital Budgeting Technique That