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Which economic evaluation method focuses on the time taken for the project's cumulative benefits to equal its cumulative costs?

72. Which economic evaluation method focuses on the time taken for the project's cumulative benefits to equal its cumulative costs?

1. Benefit-Cost Ratio
2. Net Present Value
3. Internal Rate of Return
4. Payback Period

Answer

The correct answer is: D) Payback Period

Explanation

The payback Period assesses the time required for a highway project to recover its initial investment through accumulated benefits.