Which statement below does the best job of describing how managerial practice relative to capital budgeting decisions has changed over time, particularly for large, financially sophisticated firms?

A. Firms have moved more in the direction of the payback method, as opposed to discounted cash flow methods; and, among those firms that do use some sort of discounted cash flow method, firms have moved more in the direction of NPV, as opposed to IRR B. Firms have moved more in the direction of the payback method, as opposed to discounted cash flow methods; and, among those firms that do use some sort of discounted cash flow method, firms have moved more in the direction of IRR, as opposed to NPV C. Firms have moved more in the direction of discounted cash flow methods, as opposed to the payback method; and, among those firms that do use some sort of discounted cash flow method, firms have moved more in the direction of NPV, as opposed to IRR D. Firms have moved more in the direction of discounted cash flow methods, as opposed to the payback method; and, among those firms that do use some