A disadvantage of using the payback period to compare investment alternatives is that it a. Ignores cash

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A disadvantage of using the payback period to compare investment alternatives is that it

a. Ignores cash flows beyond the payback period.

b. Cannot be used to compare alternatives with different initial investments.

c. Cannot be used when cash flows are not uniform.

d. Involves the time value of money.

e. Cannot be used if a company records depreciation.

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