?Which of the following methods of capital budgeting is based on the concept that it is better to recover the cost of (investment in) a project sooner rather than later?
A. ?Internal rate of return (IRR) method
B. ?Traditional payback period method
C. ?Modified internal rate of return (MIRR) method
D. ?Net present value (NPV) method
E. ?Maturity value method
Answer: B
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