Payback Is Considered an Unsophisticated Capital Budgeting Because It

Multiple Choice

Payback is considered an unsophisticated capital budgeting because it

A) gives explicit consideration to the timing of cash flows and therefore the time value of money.
B) gives explicit consideration to the timing of cash flows and therefore the time value of money
C) none of the above.
D) gives explicit consideration to risk exposure due to the use of the cost of capital as a discount rate.