An advantage of using the discounted payback period $($payback period calculated using NPV$)$ instead of the simple payback period $($calculated using the net cash flow$)$ to determine a break even point is:

Question $18$ options:

The discounted payback period accounts for the time value of money.

The discounted payback period accounts for the impact of taxes on the return.

The discounted payback period is easier to calculate.

The discounted payback period requires less information to accurately calculate.