(a) true
Based on the discounted payback rule, an investment is acceptable if its discounted payback is less than some prespecified number of years.
Payback period rule: Based on the rule of payback investment is having a period of less than specified number of years. Time value of money is ignored and risk differences are been considered.
Payback period is always lower than discount period. It takes longer before the original investment recovers. Shorter payback gets attractive investments while longer paybacks are less desirable. Done with the investment by the annual cash flow to go through any investment.
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