The payback method helps firms establish and identify a maximum acceptable payback period that helps in their capital budgeting decisionis. Conslder the case of Coid Goose Metal Works inc: Cold Goose Metal Works inc. is a small firm, and several of its managers are worried about how soon the firm will be able to recover its Inibial investment from Project Delta's expected future cash flows. To answer this question. Cold Goose's CFO has asked that you compute the project's paybacix 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 paybsck period. For full credit, complete the entire table. (Note: Round the conventional paybock period to two decimal places. If your answer is negative, be sure to use a minus sign in your answer.) The comventional payback period ignores the time value of money, and this concerns Cold Goose's CFO. He has now asked you to compute Deitas discounted payback poriod, assuming the company has a 7% cost of capital, Complete the folowing table and perform any necessary calculations. Pound the discounted cash flow values to the nearest whale dollar, and the discounted payback period to two decimal places, For full credit, complete the entire table. (Note: If your answer is negative, be sure to use a minus agn in your onswer.) Round the discounted cash flow values to the nearest whole doliar, and the discounted payback period to two decimal places. For full credit, cornplete the entire table. (Note: If your answer is negative, be sure to use a minus sign in your answer.) Which version of a project's payback period should the CFO use when evaluating Project Delta, given its theoretical superiority? The regular payback period The discounted payback period One theoretical disadvantage of both payback methods-compared to the net present value method-is that they foil to consider the value of the cash flows beyond the point in time equal to the payback period. How much value in this example does the discounted payback period method fail to recognize due to this theoretical deficiency? 51,714,226 $2,411,755 16,164,764 43,957,217