flows and assuming that the cash flows are received evenly throughout each year Complete the following table and compute the project's conventional payback period. For full credit, complete the entire table Year 0 Year 1 Year 2 Year 3 4,000,000 $1,600,000 $3,400,000 $1,400,000 Expected cash flow Cumulative cash flow Conventional payback period: The conventional payback period ignores the time value of money, and this concerns Blue Hamster's CFO. He has now asked you to compute Delta's discounted payback period. assuming the company has a 8% cost of capital, Complete calculations. Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to the nearest two decimal places. For full credit, complete the following table and perform any necessary the entire table Year 0 Year 1 Year 2 Year 3 $1,600,000$3,400,000$1,400,000 Cash flow Discounted cash flow Cumulative discounted cash flow -4,000,000 Discounted payback period: Which version of a project's payback period should the CPO use when evaluating Project Deita, given its theoretical superiority? The discounted payback period One theoretical disadvantage of both payback methods-compared to the net present value method-is that they fail to consider the value of the cash flows beyond the point in time equal to the payback period. How much value does the discounted payback period method fal to recognize due to this theoretical defliciency? $1,507,798 O $1,111,365 $4,026,317 $2,592,846