Which of the following is a correct statement about the discounted payback period (DPB) technique that is used to evaluate capital budgeting projects?

To compute a project's DPB, simply add up the unadjusted expected cash flows for each year until the cumulative value equals the amount that is initially invested.

According to DPB, a project should be accepted when its discounted payback period is greater than its useful life.

The DPB does not provide information about the liquidity of a project.

The DPB method considers the time value of money.

To compute a project's DPB, its internal rate of return (IRR) must be known.