The NPV and payback period

Suppose you are evaluating a project with the cash inflows shown in the following table. Your boss has asked you to calculate the project's net present

value $($NPV$).$ You don't know the project's initial cost, but you do know the project's regular, or conventional, payback period is $2\mathrm{.}50$ years.

The project's annual cash flows are:

If the project's desired rate of return is $10\mathrm{.}00\%,$ the project's NPV$$rounded to the nearest whole dollar$-$is

Which of the following statements indicate a disadvantage of using the discounted payback period for capital budgeting decisions? Check all that

apply.

The payback period does not take into account the cash flows produced over a project's entire life.

The discounted payback period does not take into effect the time value of money effects of a project's cash flows.

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