Which of the following statements is (are) correct? (x) If the cost of an investment is $12,000 and the annual sales from the investment is $4,000, then the payback period is 3.0 years. (y) It is not possible to determine a payback period when the cash flows from the project are uneven. (z) If the payback period for a given project is longer than the payback benchmark then the firm will not pursue the project. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (x) only

Which of the following statements is (are) correct? (x) If the cost of an investment is $12,000 and the annual sales from the investment is $4,000, then the payback period is 3.0 years. (y) It is not possible to determine a payback period when the cash flows from the project are uneven. (z) If the payback period for a given project is longer than the payback benchmark then the firm will not pursue the project. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (x) only