Return on investment (ROI) can be measured in either a dollar basis or a rate of return basis. Which of the following statements about ROI is false?

A	Net present value (NPV) is a dollar return measure.

B	IRR is a rate of (percentage) return measure.

C	ROI measures use time value of money concepts.

D	The calculation of IRR requires the project cost of capital (discount rate).

E	The calculation of NPV requires the project cost of capital (discount rate).