Which one of the following is wrong about payback rule?

Question 3 options:

	Payback period does not involve cost of capital.
	Complexity of this rule makes is a popular decision making process.
	A project with expected cash flows of $200, $200, $200, $200 and $250 and cost of $1,000 should be acceptable using payback period.
	Payback period ignores time value of money.