Which of the following statements is CORRECT?

		The regular payback method recognizes all cash flows over a projects life.
		The discounted payback method recognizes all cash flows over a projects life, and it also adjusts these cash flows to account for the time value of money.
		The regular payback method was, years ago, widely used, but virtually no companies even calculate the payback today.
		One drawback of the regular payback is that this method does not take account of cash flows beyond the payback period.