Simple payback period the same as payback period?

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Hi

I need to know if Payback period is virtually the same as simple payback period??

the q was 'what other capital budgeting rule could be used other than NPV rule?' I said SIMPLE PAYBACK PERIOD and it was marked wrong. PAYBACK PERIOD AND DISCOUNTED PAYBACK PERIOD WAS THE ANSWER, I thought it's the same thing? -Please give your thoughts or if you know the answer 

:)

Replies (1)

there is nothing like simple pay back period. Pay back period is either calculated by discounting the inflows or without discounting.

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