What program selection method is management using in this instance?

Management is trying to determine which program to initiate. Each of the potential programs has the possibility of creating an income for each it is in existence. Management would like to consider the present value for each year a program creates a return on investment.

What program selection method is management using in this instance?
A . Present value
B . Internal rate of return
C . Time value of money
D . Net present value

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Answer: D