The residual theory of dividends suggests that dividends are to the value of the firm. Select one: a. irrelevant b. relevant C. residual d. integral What are the two drawbacks associated with the payback period? Select one: a. The time value of money is ignored. It ignores cash flows beyond the payback period. b. The time value of money is considered. It ignores cash flows beyond the payback period. c. The time value of money is considered. It includes cash flows beyond the payback period d. The time value of money is ignored. It includes cash flows beyond the payback period