Which of the following statements is incorrect?

Select one:

a. Neither the discounted payback method nor the regular payback method takes into account the cashflows beyond the payback year.

b. Other things equal, the discounted payback method takes a longer time to breakeven than the regular payback method.

c. Unlike the regular payback method, the discounted payback method takes into account the time value of money.

d. Both the regular payback and discounted payback methods tell us when we recover our investment.

e. Both the NPV and the IRR methods provide an estimate of the maximum cost of capital that a company can afford.