Question: Payback isnt a good rule, but it does get used. explain the link between the PB rule and project liquidity. explain the difference between independent

Payback isnt a good rule, but it does get used. explain the link between the PB rule
and project liquidity.
explain the difference between independent and mutually exclusive projects. What is the
importance of the cross-over rate for mutually exclusive projects?
please provide examples

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