1) what is the payback method? 

2) "only quantitative outcomes are relevant in capital budgeting analysis" true or false?

Answer:

1.

The payback method measures the time it will take to recoup, in the form of expected future net cash inflows, the net initial investment in a project. .

2.

No. Only quantitative outcomes are formally analyzed in capital budgeting decisions.  Many effects of capital budgeting decisions, however, are difficult to quantify in financial terms.  These nonfinancial or qualitative factors (for example, the number of accidents in a manufacturing plant or employee morale) are important to consider in making capital budgeting decisions.