Consider the following possible problems that arise in using alternative capital budgeting rules such as payback or NPV, etc. Choose the problems associated with the technique identified. 1. Ignores the more distant cash flows IL May not correctly distinguish among mutually exclusive projects III. Uses accounting information rather than cashflows What problems are associated with the payback method? I and II None of the above are problems with IRR O, I and III O I and I O lill only I only I only