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Why is an investment more attractive to management if it has a shorter payback period? Should...

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Accounting

Why is an investment more attractive to management if it has ashorter payback period? Should this be the only consideration?Explain.

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Pay back period The pay back period is the time frame in Which u tend to earn from the net cash flow of investment an amount equal to the investment made For eg if you invested 1000 so the time in which 1000 will be earned in gross from the    See Answer
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