Which of the following statements are disadvantages of using the payback period in capital budgeting?

Which of the following statements are disadvantages of using the payback period in capital budgeting?

Select one:

a. Payback period method does not properly account for risk

b. Payback period method ignores cash flows beyond the payback period

c. Payback period method is based on the present values of the project cash flows; hence, it properly accounts for the time value of money

d. all of the above

e. (a) and (b) only