What information does the payback period provide? Suppose Extensive Enterprises's CFO is evaluating a project with the following cash inflows. She does not know the project's initial cost; however, she does know that the project's regular payback period is 2.5 years. Year Cash Flow Year 1 $350,000 Year 2 $475,000 $425,000 Year 3 Year 4 $400,000 If the project's weighted average cost of capital (WACC) is 7%, what is its NPV? $338,742 $356,571 $410,057 $427,885 Which of the following statements indicate a disadvantage of using the discounted payback period for capital budgeting decisions? Check all that apply. The discounted payback period does not take the time value of money into account. 0 0 0 The discounted payback period does not take the project's entire life into account. The discounted payback period is calculated using net income instead of cash flows