Which of the following are valid criticisms of the pay back period method? Select

all answers that apply.

A$.$ Payback period does not account for the time value of money.

B$.$ Payback period cannot be used if there are different cash inflows in different

years.

C$.$ Payback period only considers time to payback, not the overall profitability of

the project.

D$.$ Payback period cannot be calculated if payback occurs in part way through a

year.