Which one of the following statements is correct?

[A].	The number of years required to recover the initial cash investment in a project, is called Pay Back period (PBP).
[B].	The discount rate that equates the present value of the expected Net Cash Flows (CFs) with the Initial Cash Outflow (ICO) is known as internal rate of return.
[C].	The present value of the proposal's net cash flows, less the proposal's initial cash outflow is known as the Net Present Value (NPV)
[D].	All of these

Answer: Option D

Explanation:

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