Your boss has suggested that a one-year payback period is the same as a 100% average rate

Question:

Your boss has suggested that a one-year payback period is the same as a 100% average rate of return. Do you agree?

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,...