Which one of these statements related to discounted payback is correct?

Select one:

a.Discounted payback is biased towards short-term projects.

1. The discounted payback period increases as the discount rate decreases.
2. Payback is a better method of analysis than discounted payback.

c. Discounted payback is used more frequently in business than payback.

d.Discounted payback does not require a cutoff point.