Question: What are the two primary drawbacks to the payback method? difficult to calculate; only works for long projects ( e . g . , 5

What are the two primary drawbacks to the payback method?
difficult to calculate; only works for long projects (e.g.,5 years or more)
Ignores time value of money; ignores cash flows after payback is reached
difficult to calculate; ignores time value of money
only works for long projects; ignores cash flows after payback is reached
difficult to calculate; ignores cash flows after payback is reached

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