Which of the following statements is false

Question 4 options:

	The accounting rate of return method ignores the time value of money concept
	The net present value method considers the time value of concept and also considers cash flows during the entire life of the investment project
	The payback period ignores the time value of money concept but takes into account cash flows received after the payback period
	When the above methods yield conflicting results, the decision indicated by the net present value method should be considered