Question: The discounted payback rule: always leads to selecting projects that decrease firm value. O does not rely on a discount factor. ignores the time value

 The discounted payback rule: always leads to selecting projects that decrease

The discounted payback rule: always leads to selecting projects that decrease firm value. O does not rely on a discount factor. ignores the time value of money does not always choose the better project if the firm has to decide between two mutually exclusive projects

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