Which of the following statements is FALSE?

A.

The payback rule is primarily used because of its simplicity.

B.

There is no easy fix for the IRR rule when there are multiple IRRs.

C.

In general, the IRR rule works for a

standminusalone

project if all of the project's positive cash flows precede its negative cash flows.

D.

No investment rule that ignores the set of alternative investment alternatives can be optimal.