Which one of the following statements is correct?

Question

Options:

A . The number of years required to recover the initial cash investment in a project, is called Pay Back period (PBP)

B . The discount rate that equates the present value of the expected Net Cash Flows (CFs) with the Initial Cash Outflow (ICO) is known as internal rate of return

C . The present value of the proposal's net cash flows, less the proposal's initial cash outflow is known as the Net Present Value (NPV)

D . All of these

Answer: Option D

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