Holding the cutoff period fixed which method has a more, Finance Basics

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Holding the cutoff period fixed which method has a more

1. Holding the cutoff period fixed, which method has a more severe bias against long-lived projects, payback or discounted payback?

2. For a firm that uses the NPV rule to make investment decisions, what consequences result if the firm misestimates shareholders' required returns and consistently applies a discount rate that is "too high"?

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Finance Basics: Holding the cutoff period fixed which method has a more

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