Which of the following is true about the simple rate of return method of evaluating investments? a. This method focuses on cash flows rather than accounting net income. b. When making a decision about replacing existing equipment with new equipment, this method ignores any salvage value of the equipment being replaced An assumption of this method is that all cash flows can be immediately reinvested at a rate of return equal to the simple rate of return. d. A limitation of this method is that it does not involve discounting cash flows