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6. The payback period The payback method helps firms establish and identify a maximum arceptabin payback petiod that heigh in their tapital budgeting decisions. Consider the case of Green Caterpillar Garden Supplies Inc.: Green Caterpiliar Garden Supples Inc. is a small firm, and several of its managers art worried about how soon the firm will be able to recover its initial investment from Project Alpha's expected future cash fows. Ta answer this question, Green Caterpiliar's CFO has asked that you compute the project's payback period using the following expested net cawh flows arid assuming thant the cash flows arereceived evenly throughout each year. Complete the following table and compute the project's conventional payback period. for fill credit, complete the entire tabie. (Note: Round the conventional payback period to two decimal places. If your ariswer is negative, be sure to use a minus sign in your answer. ) The conventional payback period ignores the time value of money, and thes conceris Green Gaterpallar's. CiO. He has now asked you to compute Aptax discounted payback period, assuming the company has a 9% cost of capital Complete the follewing table arid perform any necessary. calculations. Round the discounted cash flow values to the nearest whole dotar, arid thie discounted payback period to two desirial places. For fuil aredit, complete the entire table. (Note: If your answer is negative, be sure to use a minus sign in your answer.) The conventional payback period ignores the time value of money, and this concerns Green Caterpiltar's CFO. He has now asked you to compute Alphas discounted payback period, assuming the company has a 9% cost of capital. Complete the following table and perform any necessary calculations. Round the discounted cash flow values to the nearest whole doliar, and the discounted payback period to two decimal places. For full credt, complete the entire table. (Note: If your answer is negative, be sure to use a minus sign in your answer.) Which version of a project's payback period should the CFO use when evaluating Project Alpha, given its theoretical superiority? The reqular payback period The discounted payback period One theoretical disadvantage of both payback methods - compared to the net preilent 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 in this example does the discounted payback period method fail to recognize due to this theoretical deficiency? $2,867,565 51,216,189 54,435,615 31,566,991