The discounted payback rule may cause:

Select one or more:

a$.$ projects with discounted payback periods in excess of the project's life to be accepted

b$.$ projects to be incorrectly accepted due to ignoring the time value of money

c$.$ the most liquid projects to be rejected in favor of less liquid projects

d$.$ some projects with negative net present values to be accepted

e$.$ some positive net present value projects to be rejected