The payback period rule:

		A. determines a cutoff point so that all projects accepted by the NPV rule will be accepted by the payback period rule.
		B. determines a cutoff point so that depreciation is just equal to positive cash flows in the payback year.
		C. requires an arbitrary choice of a cutoff point.
		D. varies the cutoff point with the interest rate.
		E. Both determines a cutoff point so that all projects accepted by the NPV rule will be accepted by the payback period rule; and varies the cutoff point with the interest rate.