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A company is considering buying a machine that would give a net cost savings of $60,000 per year for 10 years. The cost of the machine is $325,000. The company's weighted average cost of capital is 12%. What is the difference in the payback and discounted payback of the machine? Please enter your answer in years to two decimals. Which of the following is false regarding Profitability Index? 1. May lead to incorrect decisions in comparisons of projects because of project scale or size II. Does not consider all of the cash flows of a project III. Always gives the same decision as NPV when evaluating an independent project