Which of the following statements regarding payback period is true?
a. The quicker a company recovers their initial investment, the more attractive the investment is.
b. In practice, some companies have a required payback period that they target to get their investment back in a set number of years.
c. Payback period is the length of time that it takes for a project to recover its initial cost from the undiscounted net cash inflows that it generates.
d. All of the above.
