Explain the two reasons why the shorter payback period the more attractive the investment is when the

Question:

Explain the two reasons why the shorter the more attractive the investment is when the payback technique is used.
Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...