Capital Budgeting Techniques for Payback Period: A company is evaluating an investment project with an initial cost of $100,000 and expected annual cash flows of $25,000. Calculate the payback period for the project and discuss the advantages and limitations of using the payback period as a capital budgeting technique in investment appraisal. Analyze factors that may affect the reliability of the payback period, such as project risks, cash flow timing, and investment objectives.