Which one of the following is an indicator that an


Which one of the following is an indicator that an investment is acceptable? Assume cash flows are conventional.

a. Payback period that exceeds the required period

b. Internal rate of return that exceeds the required return

c. Negative average accounting return

d. Profitability index of zero

e. Modified internal rate of return that is equal to zero

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Financial Management: Which one of the following is an indicator that an
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