The payback method helps firms establish and identify a maximum acceptable payback period that helys in their capital bedgeting dedsions. Consider the case of Cute Camel Woodcraf Company: Cute Camel Woodcraft Company is a small firm, and several of its managess 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, Cute Camel's Cro has asked that you compute the project's payback period using the following expected net cash flows and assuming that the cash flows are recelved evenly throughout each year. Complete the following table and compute the project's conventional payback period. For full credit, complete the entire table. (Note: Round the conventional payback period to two dedmal places. If your answer is negative, be sure to use a minus sign in your answer.) Complete the following table and compute the project's conventional payback period. For full credit, complete the entire table. (Note: Round the conventional payback period to two decimal places. If your answer is negative, be sure to use a minus sign in your answec.) The corventional payback period lonores the time value of money, and this concerns Cute Came's CFO. He has now asked you to compute Alpha's discounted payback period, assuming the company has a 8% cost of capital. Complete the following table and perform any necessary cafculations. Round the discounted cash flow values to the nearest whole 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 minos sion in your answer.) The conventional payback period ignores the time value of money, and this concems Cute Camei's CFO. He has now anked you to compute Alpha's discounted payback period, assuming the company has a 8% cost of capital. Complete the following table and perform any necessary caloilations: Round the discounted cash flow values to the nearest whole 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 sign in your answer.) Which version of a project's payback period should the Cro use when evaluating Project Alpha, given its theoretical superiority? The regular payback period The discounted payback period Which version of a project's payback period should the CFO use when evaluating Project Apha, given its theoretical superiority? The reqular payback period The discounted payback period One theoretical disadvantage of both payback methods-compared to the net present value method-is that they fall to consilder the value of the cash flows bevond the point in time equal to the payback period. How much value in this example does the discounted payback period method fail to recoonize due to this theoretical detidency? $4,529,607$1,696,274$2,916,953$1,250,286