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Which of the following about the payback method is false? There is no economic rationale...

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Accounting

Which of the following about the payback method is false?

There is no economic rationale that links the payback method to shareholder wealth maximization.

The payback method represents the number of years it takes a project to recover its initial investment.

The payback method is consistent with the goal of shareholder wealth maximization.

All of the above a true

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