Which of the following is true regarding capital rationing decisions? a. Companies should always choose the investment with the highest NPV. b. Companies should always choose the investment with the...

Which of the following is true regarding capital rationing decisions?

a. Companies should always choose the investment with the highest NPV.

b. Companies should always choose the investment with the highest ROR.

c. Companies should always choose the investment with the shortest payback period.

d. None of the above