When Choosing Between Two Mutually Exclusive Projects Using the Payback

Multiple Choice

When choosing between two mutually exclusive projects using the payback period method for evaluating capital projects, one would choose

A) either project if they both are more than managers' maximum payback period.
B) neither project if they both are less than managers' maximum payback period.
C) the project that pays back the soonest.
D) the project that pays back the soonest if it is equal to or less than managers' maximum payback period.