1.1111 17. Which of the following are advantages of the payback method of project analysis?
I. wørks well for research and development projects
Il liquidity bias
III. ease of use
IV. arbitrary cutoff point
A. I and II only
B. I and III only
C. II and III only
D. II and IV only
E. II, III, and IV only
Refer to section 9.2

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