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'Although the discounted payback period approach can deal with the criticism that the payback period ignores the time value of money, the discounted payback period approach is still not as superior as the NPV method.' Do you agree with this statement?

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'Although the discounted payback period approach can deal with the criticism that the payback period ignores the time value of money, the discounted payback period approach is still not as superior as the NPV method.' Do you agree with this statement?

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The response is one clear comment but explain the basic reason behind the opinion. A discounted payback period approach is critiqued.

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Yes. Even with discounted Pay back approach we ignore the cash flows ...

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