An advantage of the payback period is that it considers the time value of money.

Name: An advantage of the payback period is that it considers the time value of money.
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The payback period method does not consider the time value of money, which is a major disadvantage of this method. It is considered a simple and quick method for evaluating investments, but it does not take into account the present value of future cash flows.

An Advantage of the Payback Period Is That It Considers