Which of the following method(s) considers the time value of money when analyzing potential capital expenditures? Methods: 1. Accrual accounting rate-of-return 2. Internal Rate of Retum (IRR) 3. Payback Period 4. Net Present Value (NPV)

A) 1 only B) 1 and 2 C) 1 and 3 D) 2 and 4