Fuzzy Button Clothing Company is a small firm, and several of its managers are worried about how soon the firm will be able to recoverits initial investment from Project Omega's expected future cash flows. To answer this question, Fuzzy Button's CFO has asked that you compute the project's payback period using the following expected net caslh lows and assuming that the cash flows are received evenly throughout each yean 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 Expected cash flow Cumulative cash flow -4,000,0DD $1,60D,0DD $3,400,0DD $1,400,00D conventional payback period. The conventional payback period ignores the time value of money, and this concerns Fuzzy Button's CFO. He has now asked you to oompute omega's discounted payback period, assuming the company has a 10% cost of capital. Complete the following table and perform any necessary 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 entire table. Year 0 Year 1 Year 2 Year 3 Cash low Discounted cash low Cumulative discounted cash low -4,00D, 0DD $1,600,000D $3,400,000$1,400,000 Discounted payback period: which version of a project's payback period should the CFO use when evaluating Project Omega, given its theoretical superiority? O The regular payback period O 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 fail to recognize due to this theoretical deficiency? O $1,051,841 $3,851,758 O $1,316,303 O $2,505,386