Which of the Following Statements About Non-Profit Organizations and Capital

Which of the following statements about non-profit organizations and capital budgeting is true?

A) Non-profit organizations discounted cash-flow analysis for short-term projects almost exclusively.
B) Only profit organizations must have required rates of return for capital budgeting decisions.
C) Because non-profit organizations are funded each year, they do not find capital budgeting to be worthwhile on a cost-benefit basis.
D) Cost-benefit analysis is more important to non-profit organizations than capital budgeting analysis.
E) In the non-profit sector, there is a tendency to cut capital-budget projects first when there is a strong push to balance a budget or cut a deficit.