Which of the following capital budgeting decision methods does NOT take into account time value of money and overall profit of the project(s)? \begin{tabular}{|l|l|} \hline a & NPV \\ \hline b & PI \\ \hline c & MIRR \\ \hline d & Payback \\ \hline e & all of the above take into account both of these items \\ \hline \end{tabular}