One method in selecting a project option is to use a numerical model. Briefly explain and Payback method noting the advantages and disadvantages.
Question
One method in selecting a project option is to use a numerical model. Briefly explain and Payback method noting the advantages and disadvantages.
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Solution 1
The Payback Method is a simple investment appraisal technique that calculates the time required to "pay back" the initial investment from the cash inflows generated by the project.
Here's how it works:
- Calculate the initial investment required for the project.
- Estimate the cash inflows that Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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