Which of the following is incorrect about the annual rate of return technique? (a) The calculation is simple. (b) The accounting terms used are familiar to management. (c) The timing of the net cash...

Which of the following is
incorrectabout the annual rate of return technique?

(a) The calculation is simple.

(b) The accounting terms used are familiar to management.

(c) The timing of the net cash flows is not considered.

(d) The time value of money is considered.