An advantage of the net present value (NPV) method is that it: A) doe

An advantage of the net present value (NPV) method is that it:

A) does not employ time value of money techniques.
B) is easy to use when available capital or resources are limited.
C) does not rely on the cost of capital.
D) provides its users with a clear decision criterion.
E) provides a “bang for the buck” analysis for each project.

ANSWER

D