the model was criticized, the model evolved incorporating time value of money to create the discounted payback method. The modeis stili refectad faulty ranking criteris but they provided important information about liguldity and risk. faulty ranking criteria but they provided important information about liquidity and risk. Cash flows expected in the distant future are risky than cash flows received in the near-term-which suggests that the payback period can also serve as an indicator of project risk. Suppose Extensive Enterprises's CFO is evaluating a project with the following cash inflows. She does not know the project's initial cost; however, she does know that the project's regular payback period is 2.5 years. If the project's weighted average cost of capital (WACC) is 9%, what is its NPV? $379,440 $344,945 5327,698 9362,192 Which of the following statements indicate a disadvantage of using the discounted payback period for capital budgeting decisions? 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 time value of money into account. The discounted payback period does not take the project's entire life into account