The payback method helps firms establish and identify a maximum acceptable payback period that helps in capital budgeting decisions. There are two versions of the payback method: the conventional payback method and the discounted payback method. Consider the following cose: Cute Camel Woodonit Company is a small firm, and several of its managers are worried about how soon the firm will be able to recover its inital investment from Project Beta's oxpected future cash flows. To answer this question, Cute Camel's CFo has asked that you compute the project's payback period using the following expected net cash flows and assuming that the cash flows are received evenly throughout each year: Complete the following table and compute the project's conventional payback period. Round the payback period to the nearese two decimal places, Be sure to complete the entire table-even if the values exceed the point at which the cost of the project is recovered. daccunted puysuck period, assuming the compary has a 7 the coss of capital. Complete the following table and perform any necessary calculations. Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to the nearest two decimal places. Again, be sure to complete the entire table-even if the values exceed the point at which the cost of the project is recovered. Which version of a project's payback period should the CFO use when evaluating Project Beta. given its theoretical zuperionity? The discounted payback period The regular payback period