Which of the following project appraisal method is not based on time value of money?
A. Payback method
B. Net present value method
C. Internal rate of return method
D. Discounted payback method
Answer:A
Which of the following project appraisal method is not based on time value of money?
A. Payback method B. Net present value method C. Internal rate of return method D. Discounted payback method