The payback method helps firms establish and identify a maximum acceptable payback period that helps in their capital budgeting decisions. Blue Hamster Manufacturing is a small firm, and several of its managers are worried about how soon the firm will be able to recover its initial investment from Project Alpha's expected future cash flows. To answer this question, Blue Hamster's CFO has asked that you compute the project's parback period using the following expected net cash flows and assuming that the cash flows are recelved evenly throughout each year. Compiete the following table by computing the project's conventional payback period. (Hint: For fulf credit, complete the entire table, Round the conventional payback period to the nearest two decimal places. II your answer is negative use a minus sign.) The conventional payback perlod ignores the time value of money, and this concerns Blue Hamster's CFO. He has now asked you to compute Alpha's dscounted payback period, assuming the company has a 7% cost of capital. Complete the following table and perform any necessary calculations. (Hint: Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to the nearest two decimal places, For null credit, complete the entire table. If your answer is negative use a minus sign.) Which version of a project's payback pedod should the CFO use when evaluating Project Alpha, given its theoretical superiority? The regular payback period The discounted payosck period One theoretical disodvantage of both payback methods-compared to the net present value method-is that they fall to consider the value of the cash fows beyond the point in time equal to the payback period. How much value does the discounted payback period method fail to recognize due to this theoretical deficiency? $1,808,815 32767,912 $4,626,572 $1,285,669