The discounted payback rule can be best stated as: 

a. An investment is acceptable if its discounted payback period is greater than some prespecified number of years. 

b. An investment should be accepted if the discounted payback is positive and rejected if it is negative. 

c. An investment should be rejected if the discounted payback is positive and accepted if it is negative. 

d. An investment is acceptable if its discounted payback period is less than some prespecified number of years.

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Required solution Answer An investment is acceptable if its calculated payba... View the full answer