Which of the following statements is correct?

Select one:

a. The net present value method (NPV) is generally regarded by academics as being the best single method for evaluating capital budgeting projects.

b. The discounted payback method is generally regarded by academics as being the best single method for evaluating capital budgeting projects.

c. The internal rate of return method (IRR) is generally regarded by academics as being the best single method for evaluating capital budgeting projects.

d. The payback method is generally regarded by academics as being the best single method for evaluating capital budgeting projects.