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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?
- Benefit-Cost Ratio
- Net Present Value
- Internal Rate of Return
- 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.