Consider a project with the following details: Payback period - 4 years Useful life of investment -- 8 years Annual cash inflows - $40,000 Which of the following statements is true in regard to the above investment? Multiple Choice The payback period recognizes time value of money concepts. The project should not be accepted because its useful life is longer than its payback perlod. The project's payback period and its internal rate of return are the same. The cash flows received in years 5-8 are not considered in calculating the above payback period