Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?

Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?
A . It calculates the overall value of a project
B . It ignores the time value of money
C . It calculates the time a project takes to break even.
D . It begins at time zero for the project.

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Answer: C