[单选题]
Which of the following best describes how the payback period takes account of the timevalue of money?
A .It puts the same value on each $1 receivable over the life of a project
B .It places greatest value on $1 receivable in the first year and progressively less on$1 received in each subsequent year
C .It places least value on $1 receivable in the first year and progressively more on $1received in each subsequent year
D .It gives the same value to each $1 receivable up to the payback period and no valueto subsequent receipts
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