The advantage of the regular payback technique as a capital budgeting tool is:

The regular payback technique will count all the cash flows of a project

The payback technique takes time value of money into consideration

The regular payback provides a fast reliable technique to provide the economic value of the investment

The regular payback provides an indication of project liquidity, which to some degree is a proxy for risk The regular payback is more dependable than IRR since IRR requires a cost of capital to calculate the IRR