Which of the following statements is true regarding the payback period? Multiple Choice It measures the length of time that it takes for a project to recover its initial cost from the incremental net operating income that it generates. It measures the length of time that it takes for a project to recover its initial cost from the discounted incremental net operating income that It generates. O It measures the length of time that it takes for a project to recover its initial cost from the discounted net cash inflows that it generates It measures the length of time that it takes for a project to recover its initial cost from the net cash inflows that it generates.