Discuss the pros and cons of the payback period rule.  Why might it be rational for a small firm to use the payback period rule rather than the NPV method? Explain with your reasoning.
Instructions:
Please post your initial response by 23:59 EST Day 3 of the Week, and comments on the posts of at least two classmates by 23:59 EST Due Date.
You must first post your own response directly to the Discussion Topics by Day 3 before accessing other students responses. In addition, you should post at least TWO thoughtful and substantive responses to other classmates answers/comments by the due date in order to earn full 5 points for each Discussion Topic. A mere Yes, I agree or No, I dont agree type of responses will not be given any credit.
Additional bonus credit may be given to substantive responses reflecting additional research with sources of information clearly identified as they are particularly valued and enrich our online learning.