The discounted payback period $($DPB$)$ differs from the payback period $($PB$)$ in that it:

Question $12$Answer

a$.$

Considers only the cash flows occurring after the payback period.

b$.$

Takes into account the time value of money by discounting cash flows.

c$.$

Ignores the initial cost of the project.

d$.$

Is always shorter than the payback period.