Why Is the Payback Period Often Criticized

Why is the payback period often criticized?

A) It requires trial and error to determine the quantitative amount on which to make a decision.
B) It ignores the cash flows after the end of the payback period.
C) It requires the estimate of a hurdle rate that is subject to uncertain economic effects.
D) It is based on accounting income, which most likely differs from the actual cash flows.