What is one advantage of using the Payback Period Analysis method for capital budgeting decisions?

Select one:

a. It is intuitive and easy to explain to non-financial stakeholders such as managers.

b. It can be shown that it better correlates with the internal rate of return, which is the true measure that should be taken.

c. It doesnt require so many inputs to be estimated and hence a more accurate outcome will follow.

d. It provides an indication of the optimal strategy to maximising the wealth of the company.