(b) (i) State FOUR reasons why payback period is widely used by organisations in the capit

(b) (i) State FOUR reasons why payback period is widely used by organisations in the capital investment

appraisal process. (2 marks)

(b) (i) Payback period is widely used by organisations in the capital investment appraisal process due to the following reasons:– It is easy to calculate and understand– There is a lack of understanding of more sophisticated techniques which take into con