he relationship between the payback method and the internal rate of return is that:  Group of answer choices  The discounted payback period is exactly the same as the IRR.  The payback period is the present value factor for the IRR.  A payback period of less than one-half of the life of a project will yield an IRR lower than the target rate.  A project whose payback period does not meet the c

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The relationship between the payback method and the internal rate of return is that: 

Group of answer choices 

The discounted payback period is exactly the same as the IRR. 

The payback period is the present value factor for the IRR. 

A payback period of less than one-half of the life of a project will yield an IRR lower than the target rate. 

A project whose payback period does not meet the company’s cut-off rate for payback will not meet the company’s criterion for IRR. 

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