Which of the following statements about the evaluation of an investment having uneven cash flows using the payback method is correct? 1) It CANNOT be done. 2) It can be done only by matching cash inflows and investment outflows on a year by year basis. 3) It will produce essentially the same results as those obtained through the use of discounted cash flow techniques. 4) It requires the use of a sophisticated calculator or computer software. Question 16 (1 point) Which of the following would be classified as a product-level activity? 1) Machine setup for a ba' h of a standard product. O2) Cafeteria facilities available to and used by all employee. 3) Human resource management. 4) Advertising a product