Which of the following statement is correct for an investment with one time cash outflow (initial in

Which of the following statement is correct for an investment with one time cash outflow (initial
investment A0<0) and cash inflows starting period 1? (Assume interest rate is positive.)

a) The discounted payback period is equal to the payback period.
b) The discounted payback period is larger or equal to the payback period.
c) The discounted payback period is smaller or equal to the payback period.
d) The discounted payback period is larger than the payback period.
e) The discounted payback period is smaller than the payback period