h. (1) What is the payback period? Find the paybacks for Projects Land S.
(2) What is the rationale for the payback method? According to the payback criterion, S are independent, if accepted if the maximum acceptable payback is 2 years, if Projects Land Projects Land S are mutually exclusive?
(3) What is the difference between the regular and discounted payback methods?
(4) What are the two main disadvantages of discounted payback? Is the payback method of any real useful ness in capital budgeting decisions? Explain.