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26.

\fRestating future cash flows in terms of present values and then determining the payback period using these present values is known as: Multiple Choice 0 Ac countlng rate of return method. Break-even time {BED Net present value method. Present value method. Internal rate of return method. 0000 .l-'i disadvantage of using the payback period to compare investment alternatives is that: Multiple Choice 0 It cannot be used to compare Investments with different initial Investments. It cannot be used If a company records depreciation. It includes the time value of money. It cannot be used when cash ows are not uniform. It lghores cash ows beyond the payback period. 0000 \f\f