Payback method
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Payback method is capital budgeting method that measures the time it will take to recoup, in the form of expected future cash flows, the net initial investment in a project.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Payback method. Capital budgeting method that measures the time it will take to recoup, in the form of expected future cash flows, the net initial investment in a project.
