In contrast to the net present value $($NPV$)$ and internal rate of return $($IRR$),$ the disadvantage$/$drawback of using the payback period in financial analysis for capital budgeting is that$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

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Group of answer choices

it does not take into account the cost of reimbursement shortfalls and delays in capital budgeting.

it does not take into account the value of price concessions or discounts offered to payers.

it does not take into account the effects of interest $($and other time effects$)$ on money.

it does not tie in aggregate demand for capital expenditures to the actual capital needs of an organization.

it does not project volumes.