Cortes Company is considering three investment opportunities with the following payback periods: 
Use the decision rule for payback to rank the projects from most desirable to least desirable, all else being equal.
A) Y, Z, X
B) X, Y, Z
C) Z, Y, X
D) Y, X, Z
Correct Answer:
Verified
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Q23: The payback method ignores cash flows that
Q24: The accounting rate of return method of
Q25: The payback considers only those cash flows
Q27: The accounting rate of return method and
Q29: Capital budgeting is:
A)the process of planning the
Q30: The payback method is the most thorough
Q30: All else being equal,investments with longer payback
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