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

Select one:

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

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

c.It doesn't require so many inputs to be estimated and hence a more accurate outcome will follow.

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