Question: In determining the acceptability of a project using the payback method, the decision criteria is None of the answers provided is correct. A project is

In determining the acceptability of a project using the payback method, the decision criteria is

None of the answers provided is correct.

A project is acceptable if payback occurs prior to the end of the projects life.

A project is acceptable if payback occurs faster than any other project.

A project is acceptable if payback occurs within a specified time frame.

A project is acceptable if payback occurs faster than any other project, and the project is acceptable if payback occurs within a specified time frame.

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