Question: If simple payback is not a good financial decision making criteria, why is it used so often? Also discuss the good financial decision. Explain briefly

If simple payback is not a good financial decision making criteria, why is it used so often? Also discuss the good financial decision. Explain briefly

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Simple payback is a financial decisionmaking criteria that measures the time it takes to recover the initial investment in a project It is calculated by dividing the initial investment by the annual c... View full answer

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