Question

4.
is one of the merits of payback period method of evaluating investment
opportunities for Capital Budgeting.​

Answer 1

Answer:

Simple to Use and Easy to Understand. This is among the most significant advantages of the payback period. The method needs very few inputs and is relatively easier to calculate than other capital budgeting methods. All that you need to calculate the payback period is the project's initial cost and annual cash flows.