How Is Depreciation Handled by the Following Capital Budgeting Techniques

How is depreciation handled by the following capital budgeting techniques? (Ignore income taxes in this problem.)

$\begin{array} { l l l l } \begin{array} { c } \text { Internal } \\\text { Rate of Return }\end{array} & { \begin{array} { c } \text { Simple } \\\text { Rate of Return }\end{array} } & \underline { \text { Payback } } \\\text { A) Excluded } & \text { Included } & \text { Excluded } \\\text { B) Included } & \text { Excluded } & \text { Included } \\\text { C) Excluded } & \text { Excluded } & \text { Included } \\\text { D) } \text { Included } & \text { Included } & \text { Excluded }\end{array}$

A) Option A
B) Option B
C) Option C
D) Option D