EX $16-35($Algo$)$ Part $3$ Which of the following statements are true?

Which of the following statements are true?

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The payback period criterion fails to account for the time value of money.

The analyst can adjust for risk considerations using payback method while evaluating proposals.

The payback method is preferable to the net$-$present$-$value method.

If management uses the payback method, the investment will be approved only if the required payback period meets or exceeds the years

calculated.

The cut$-$off value for the payback period has nothing to do with the bank's hurdle rate.