Consider the following statements about the payback period: 1. As shown in your text, the payback period considers the time value of money. II. The payback period can only be used if net cash inflows are uniform throughout a project's life. III. The payback period ignores cash inflows that occur after the payback period is reached 00:56:50 Which of the above statements is (are) correct? Multiple Choice lll only. I only I, II and III. Il only