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The payback period rule: A . determines a cutoff point so that all projects accepted by the NPV rule will be accepted by the payback

The payback period rule:
A. determines a cutoff point so that all projects accepted by the NPV rule will be accepted by the payback period rule.
B. determines a cutoff point so that the project's IRR equals discount rate.
C. requires an arbitrary choice of a cutoff point.
D. payback rule does not account for time value of money.
E. Both C and D.
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