Which of the following statements is correct concerning break-even time?
A) Break-even time is the length of time required to recover the investment made in new-product development.
B) Break-even time begins when management approves a project,rather than when cash out-flows first occur.
C) Break-even time considers the time value of money by discounting all cash flows.
D) All of the answers are correct.
Correct Answer:
Verified
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