Which (if any) of the following disadvantages to using the Payback Period method cannot be mitigated away by using the method properly?

-It ignores the time value of money.

-It ignores cash flows beyond the cutoff date (assuming a cutoff date is set).

-It is biased against long-term projects. An arbitrary cutoff point can be used.

-All of the above can be mitigated away when the payback period method is used properly.