The accounting rate of return has one specific advantage not possessed by the payback period in that

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The accounting rate of return has one specific advantage not possessed by the payback period in that it
  a.  considers the time value of money.
  b.  measures the value added by a project.
  c.  considers the profitability of a project beyond the payback period.
  d.  is more widely accepted by financial managers.
  e.  is always an accurate measure of profitability.

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