The NPV Rule Is Preferred to the Discounted Payback Period

The NPV rule is preferred to the discounted payback period as a project evaluation criterion because the discounted payback period rule ignores:
I.The initial cost
II.The timing of cash flows prior to the discounted payback period
III.Any cash flows beyond the discounted payback period

A) III only
B) I and II only
C) I and III only
D) II and III only