Why might it be rational for a small firm that does not have access to the capital

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Why might it be rational for a small firm that does not have access to the capital markets to use the payback method rather than the NPV method?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Oct 05, 2011 09:33 AM

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Why might it be rational for a small firm that does not have access to the capital

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Payback provides information on how long funds will be tied up in a project The ...View the full answer

Fundamentals of Financial Management

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