Which is not true in regard of RoI (Return on Investment) for a project?

A. It defines the cumulated net income from an investment at a given point in time or during a defined period.

B. It includes investment, direct and indirect costs and may include allowances for capital cost, depreciation, risk of loss, and/or inflation.
C. It is most commonly stated as a percentage of the investment or as a dimensionless index figure.

D. It is the time when cumulated net income is equal to the investment.

Answer : D