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Describe the process a company may use in screening and


1. Describe the process a company may use in screening and approving the capital expenditure budget.

2. What are the advantages and disadvantages of the cash payback technique?

3. Tom Wells claims the formula for the cash payback technique is the same as the formula for the annual rate of return technique. Is Tom correct? What is the formula for the cash payback technique?

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Finance Basics: Describe the process a company may use in screening and
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