Which of the following statements describes the modified payback method of evaluating investment projects?

Group of answer choices:

a) None of the above answers describes the Modified Payback Period

b)All of the above answers describe the Modified Payback Period

c)The method accumulates the absolute value of future cash flows over time and compares the cumulative value with the present value of the capital expenditure

d)The year in which the accumulated un-discounted cash flows recoup the initial investment of the project

e)The year in which the accumulated present value of future cash flows exceeds the initial cash outflow of the project