What are the disadvantages of using the payback period as a capital- budgeting technique? What are its

Question:

What are the disadvantages of using the as a capital- budgeting technique? What are its advantages? Why is it so frequently used?
Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...