Question: The payback period is the time a project will take to pay back the money spent on it. It is based on expected cash flows

The payback period is the time a project will take to pay back the money spent on it. It is based on expected cash flows and provide a measure of liquidity. State the advantages and disadvantages of Payback period.

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The payback period is a simple financial metric used to evaluate the time it takes for a project to recoup the initial investment It focuses on the ti... View full answer

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