Which of the following is TRUE about discounted payback period analysis? Making investment decision based on discounted payback period will never incorrectly reject a project with positive NPV. Making investment decision based on discounted payback period will never incorrectly accept a project with negative NPV. Making investment decision based on discounted payback period tends to bias against liquidity projects. It is possible for a project to have negative NPV and still payback on a discounted basis in the project life. The calculation of discounted payback period does not require the required rate of return