Question: 9. Payback or Discounted payback method is not an appropriate capital budgeting technique because: a) It ignores cash flows after the arbitrary cutoff b) It

 9. Payback or Discounted payback method is not an appropriate capital

9. Payback or Discounted payback method is not an appropriate capital budgeting technique because: a) It ignores cash flows after the arbitrary cutoff b) It is biased against long-term projects c) It is inconsistent with the goal of maximization of shareholder wealth d) All of the above 10. I needed another question, so this is it. What is the average distance between Earth and the Sun? The only incorrect answer is no answer. a) 1 Astronomical Unit b) 93 Million miles c) 150 Million kilometers d) 492.125 Billion feet

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