Suppose Extensive Enterprises's CFO is evaluating a prjoect with the following cash inflows. She does not know the prjoect's initial cost; however, she does know that the project's regular payback period is 2.5 years.

Year	Cash Flows
Year 1	$350,000
Year 2	$400,000
Year 3	$500,000
Year 4	$475,000

IF the projects WACC is 8%, what is its NPV?

a. $330,452

b. $413,065

c. $433,718

d. $371,759

Which of the following statements indicate a disadvanatage of using the discounted payback period for capital budgeting decision? Check all that apply

-The discounted payback period is calculated using net income instead of cash flows.

-The discounted payback period does not take the project's entire life into account.

-The discounted payback period does not take the time value of money into account.