The payback method helps firms establish and identify a maximum acceptable payback period that helps in their capital budgeting decisions. Consider the case of Cold Goose Metal Works Inc:: Cold Goose Metal Works Inc. is a small firm, and several of its monagers are worried about how soon the firm will be able to recover its initial investment from Project Beta's expected future cash flows. To answer this question, Cold Goose's CFO has asked that you compute the project's payback period using the following expected net cash flows and assuming that the cash flows are recelved evenly throughout each year. Complete the following table and compute the project's conventional payback period. For full credit, complete the entire table. (Note: Round the conventional boyback period to two decimal places. If your answer is negative, be sure to use a minus sign in your answer.) The conventional baybsck period ignores the time value of monev, and this concems Cold Goose's Cro. He has now asked you to compute Beca's discounted payback peried, aswiming the company has a 8% cost of capital. Complete the following table and perform any necessary caiculations. Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to two decimal places, for fuel credit, complete the entire table. (Note: If your answer is negative, be sure to use a minus sign in your anwwer) OLFinal Review discounted payback period, assuming the company has a 8% cost of capital. Complete the following table and perform any necessary calcubvons. Round the discounted cash flow values to the nearest whole dollar, and the discounted parback period to two decimal places. For full credit, complete. the entire table. (Note: If your answer is negative, be sure to use a minus sign in your answer.) Which version of a projects perback period showld the Cro use when evaluating Project Deta, given its theoretical superiority? The gegular payback period The discounted partack peried One theoretical disadvantage of both peytack methods-compared to the net present value method-is that they fail to conwider the value of the cash fiews beyond the peint in time equal to the pryback period. How much value in this example does the discounted paybeck period method tal to recognite due to this theocetical deficency? $4,579,697$2,516,95351,696,274$1,250,285