Use the Following Statements to Answer the Question

question 102

Multiple Choice

Use the following statements to answer the question:
I.The payback period does not take into consideration time value of money
II.In capital budgeting, the most important factor is to recoup the initial investment.

• A)I and II are correct.
• B)I and II are incorrect.
• C)I is correct and II is incorrect.
• D)I is incorrect and II is correct.