Select the incorrect statement regarding postaudits of capital investment decisions.

The goal of a postaudit is to provide feedback that can be used to improve the accuracy of future capital investment decisions.

A postaudit should be conducted at the end of the project.

The postaudit helps management determine whether a project that had been accepted should have been rejected.

A postaudit is only necessary for a capital investment selected using a technique that does not consider the time value of money.