Which of the Following Statement Is True

Multiple Choice

Which of the following statement is true?

A) One must know the discount rate to compute the NPV of a project but one can compute the IRR without referring to the discount rate.
B) One must know the discount rate to compute the IRR of a project but one can compute the NPV without referring to the discount rate.
C) Payback accounts for time value of money.
D) There will always be one IRR regardless of cash flows.
E) Average accounting return is the ratio of total assets to total net income.