Question is attached below

The payback period for a project is often calculated and then a decision about undertaking the project is made after comparing this calculated payback period to a target payback period. Select all characterisljts that apply to die target payback period. The target payback period: C] is usuallyI determined by management. [J is irrelevant if the payback period for the project is less than three years. C] is a number calculated as a fixed percentage of the life of the project. C] can he expressed as a range of acceptable periods