Suppose you are evaluating a project with the expected future cash inflows shown in the following table. Your boss has asked you to calculate the projects net present value (NPV). You dont know the projects initial cost, but you do know the projects regular, or conventional, the payback period is 2.50 years. Year Cash Flow Year 1 $350,000 Year 2 $500,000 Year 3 $500,000 Year 4 $400,000 If the projects weighted average cost of capital (WACC) is 9%, the projects NPV (rounded to the nearest dollar) is: $326,973 $311,403 $249,122 $358,113 Which of the following statements indicate a disadvantage of using the regular payback period (not the discounted payback period) for capital budgeting decisions? Check all that apply. The payback period does not take the time value of money into the account. The payback period does not take the projects entire life into account. The payback period is calculated using net income instead of cash flows.