What are three potential flaws with the regular payback method? Does the discounted payback method correct all three flaws? Explain.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8Q: What are one advantage and one disadvantage of the payback method?
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What are three potential flaws with the regular payback method? Does the discounted payback method correct all three flaws? Explain.

 
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