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Showing 1 to 2 of 2 for “"Payback Period (PP)"”.
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An analysis of the use of discounted cash flow methods and real options to value flexibility in real estate development projects
… as compared to the use of such naïve methods as Payback and the Accounting rate of return. The growing convergence of theory and practice is indicated by the growing use of the NPV method. The objective of this study is to determine the capital budgeting methods used to evaluate real estate …