Which of the Statements Below Is FALSE

Which of the statements below is FALSE?

A) Firms rarely use the payback period for small-dollar decisions.
B) Many companies use the payback period for small-dollar decisions because the time spent gathering the accurate cash flow may be lowered substantially if it is necessary to estimate only through the first few years.
C) Many companies use the payback period for small-dollar decisions because the accuracy of future cash flows on these smaller projects may be quite difficult to estimate far into the future.
D) Many companies use the payback period for small-dollar decisions because it does prevent a serious error when the future cash flow is never sufficient to recover the initial cash outlay.