Please answer the following fill in the blank and multiple choice entriely. Thanks!

The payback method helps firms establish and identify a maximum acceptable payback period that helps in their capital budgeting decisions Consider the case of Cold Goose Metal works Inc.: Cold Goose Metal works Inc. is a small firm, and several of its managers are worried about how soon the firm will be able to recover its initial investment from Project Delta's expected future cash flows. To answer this question, Cold Goose's CFO has asked that you compute the project's payback period using the following expected net cash flows and assuming that the cash flows are receidevenly throughout each year Complete the following table and compute the project's conventional payback period. For full credit, complete the ntire table. Year 0 Year 1 Year 2 Year 3 Expected cash flow Cumulative cash flow -6,000,000 $2,400,000 $5,100,000 $2,100,000 Conventional payback period: The conventional payback period ignores the time value of money, and this concerns Cold Goose's CFO. He has now asked you to compute Delta's discounted payback period, assuming the company has a 10% cost of capital. Complete the followigtand 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 ntire table Year 0 Year 1 Year 2 Year 3 Cash flow Discounted cash flow Cumulative discounted cash flow -6,000,000 $2,400,000 $5,100,000 $2,100,000 Discounted payback period Which version of a project's payback period should the CFO use when evaluating Project Delta, 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 $3,759,579 O $1,974,455 O $5,792,637 O $1,577,761