Among the reasons many firms DON’T use the payback period as a guideli

Among the reasons many firms DON’T use the payback period as a guideline in capital investment decisions are all of the following EXCEPT:

A) it gives consideration to the timing of cash flows.
B) it uses an appropriate measure of risk.
C) it recognizes cash flows which occur after the payback period.
D) it is easy to calculate.

ANSWER

D