Answer:
A. Payback
Explanation:
Payback, otherwise referred to as payback period is one of the techniques used for project appraisal. It is the period a project or investment is able to generate enough cash flow to cover the amount invested in it.
The payback tests the speed with which a project can payback the initial capital outlay of a project. Where a firm is facing time constraint in the payment of debtors, payback technique is the best project appraisal method to employ.
