In contrast, when lookingat firms in the U.K., Germany, and France, we find that although the DCF method is still themost frequently used tool, the response rates drop to 82%, 60%, and 55%. On the other hand,Hong Kong, Sweden, and Central and Eastern European countries indicate the use of the DCFmethod as their second most popular tool, next to the payback method, with response rates of80%, 78%, and 51%, respectively
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