Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 8.2, Problem 8.2BCQ
Summary Introduction

To discuss: The reason for saying that the payback period is a measure of accounting break-even.

Introduction:

The payback period is one of the capital budgeting techniques, which refers to the number of periods needed to get back the actual investment in a project.

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Essentials of Corporate Finance

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