Question: 1 Define payback period. Explain how it can be used (5 lines). 2 List some advantages of payback period in capital budgeting decisions. Explain one
1 Define payback period. Explain how it can be used (5 lines).
2 List some advantages of payback period in capital budgeting decisions. Explain one of what you have listed (in 5 lines).
3 Explain (in 5 lines) one problem, pitfall, or disadvantage of using the payback.
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