Question: The cash payback method is useful because 1. it gives a broad indication when outlays will be recovered by the firm. 2. it gives a

The cash payback method is useful because

1. it gives a broad indication when outlays will be recovered by the firm.

2. it gives a specific date as to when outlays will be recovered by the firm.

3. it avoids using complicated accounting data in capital budgeting decisions.

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