Year Cash Flow Year 1 $375,000 Year 2 550,000 Year 3 600,000 Year 4 475,000 If the project's desired rate of return is 8.00%, the project's NPV-rounded to the nearest whole dollar-Is Which of the following statements indicates a disadvantage of using the regular, or conventional, payback period for capital budgeting decisions? Check all that apply. The payback period is calculated using net income instead of cash flows. The payback period does not take into account the cash flows produced over a project's entire life. The payback period does not take into account the time value of money effects of a project's cash flows