Please answer all 3

The Equlvalent Annual Annuity approach can be used to compare two mutually exclusive projects which have unequal lives Select ones True False The payback period is defined as the number of years required to recover a project's initial cost under the assumption that cash inflows occur evenly over the period during which they occur. Select one: True False Because it considers the time value of money, the discounted payback method corrects for one of the shortcomings of the regular payback method. Select one: True False