Compared to the net present value $($NPV$)$ method, which of the following statements are true about the payback period method? More than one answer may be

correct.

NPV takes into account all cash flows, whereas the payback period ignores the cash flows after the payback period.

NPV takes into account the future cash flows, whereas the payback period ignores the future cash flows.

NPV takes into account the risk associated with the project, whereas the payback period ignores the risk.

NPV takes into account the initial investment, whereas the payback period ignores the initial investment.