Question: Consider the following three projects. All three have an initial investment of $800,000. Requirements 1. Determine the payback period of each project. Rank the projects

of $800,000. Requirements 1. Determine the payback period of each project. Rank

the projects from most desirable to least desirable based on payback. Are

Consider the following three projects. All three have an initial investment of $800,000. Requirements 1. Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback. Are there other factors that should be considered in addition to the payback period? 2

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