Business Studies, asked by jewelxianloy25, 1 month ago

explain why does the payback method is the simplest method to use in capital budgeting?​

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Answered by saba176
1

Answer:

Payback analysis is the simplest form of capital budgeting analysis, but it's also the least accurate. It's still widely used because it's quick and can give managers a "back of the envelope" understanding of the real value of a proposed project.

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