Question: Drawbacks of the payback period method include a) the payback period method ignores the concept of the time value of money b) the payback peruod

Drawbacks of the payback period method include
a) the payback period method ignores the concept of the time value of money
b) the payback peruod method ignores cash flows beyond the actual payback period
c) payback arbitrarily selects 3 years as the acceptable payback period
d) both a and b are correct

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