Question 2 The payback period for a project with an initial investment of $1000 and cash flows of 500, 300, 400, 100 is Not yet answered Marked out of 2.00 Select one: O a. 2 years and six months Flag question O b. 2 years only O c. 2 years and 4 months O d. 2 years and 3 months Question 3 All of the following are weaknesses of the payback period EXCEPT Not yet answered Select one: Marked out of 2.00 Flag question O a. a disregard for cash flows after the payback period Ob, only an implicit consideration of the timing of cash flows O c. the difficulty of specifying the appropriate payback period O d. it uses cash flows, not accounting profits