In financial terms, what is the biggest downfall to using payback rather than discounted payback when...

In financial terms, what is the biggest downfall to using payback rather than discounted payback when analyzing a project? The first choice always seems to be best. It does not account for time value of money. The WACC isn't accurate. It is more difficult to calculate than discounted payback.

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Colby Messinger answered 1 year ago

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