Which of the following statements concerning the payback period, is not true

| April 14, 2018

Which of the following statements concerning the payback period, is not true?a)The payback period is simple to calculate and understand.b)The payback period measures the time that a project will take to generate enough cash flows to cover the initial investment.c)The payback period ignores cash flows after the payback point has been reached.d)It takes account of the time value of money.

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