Which of the following statements is CORRECT?

The regular payback method recognizes all cash flows over a project's life.

The regular payback is useful as an indicator of a project's liquidity because it gives managers an idea of how long it will take to recover the funds invested in a project.

The regular payback method was, years ago, widely used, but virtually no companies even calculate the payback today.

The discounted payback method recognizes all cash flows over a project's life, and it also adjusts these cash flows to account for the time value of money