Which One of the Following Statements Does Not Describe the Net

Which one of the following statements does not describe the net present value method of capital investment appraisal?

A) The net present value of the net cash inflows - the net present value of the cost of an investment = the net present value of the project.
B) Uses a discount rate to calculate the point at which the discounted present value of the net cash inflows = the net present value of the investment in the project.
C) Discounts net cash inflows that arise later in a project's life at a higher discount rate to recognize the increased risk attached to cash received further in the future.
D) The results of this investment appraisal technique are truly comparable as all of a project's net cash inflows are presented in units of common currency i.e. in units of current spending power.