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Which of the following criteria, when correctly used, give the same accept/reject decisions as NPV: I. Payback Il. Average return on book Ill. Internal rate

Which of the following criteria, when correctly used, give the same accept/reject decisions as NPV:

I. Payback

Il. Average return on book

Ill. Internal rate of return

IV. Profitability Index

A. I only B. l and Il C. I, Ill and IV D. Il and IV

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