When Comparing the Payback Method and the Accounting Rate of Return

When comparing the payback method and the accounting rate of return methods, which of the following is true? $$\begin{array} { | l | l | l| } \hline & { \text { Profitability } } &{ \text { Time Value of Money } } \\\hline \text { I } & \text { Ignored by both methods } & \text { Ignored by both methods } \\\hline \text { II } & \text { Ignored by both methods } & \begin{array} { l } \text { Used in accounting rate of return, ignored by } \\\text { payback method }\end{array} \\\hline \text { III } & \begin{array} { l } \text { Considered by accounting method, not } \\\text { by payback }\end{array} & \text { Ignored by both methods } \\\hline \text { IV } & \begin{array} { l } \text { Considered by accounting method, not } \\\text { by payback }\end{array} & \begin{array} { l } \text { Considered by both methods } \\\end{array}\\\hline\end{array}$$

A) IV
B) III
C) II
D) I