Question: Which statement about the Payback method is NOT correct? Payback expresses how long it takes until an investment is paid back in full. Payback can

Which statement about the Payback method is NOT correct?
Payback expresses how long it takes until an investment is paid back in full.
Payback can be calculated using the formula: 12 ROI = The number of months it takes to pay back the funds.
Payback is used to compare investments with different risk profiles to each other.
Payback can be calculated using the formula: Cost of Investment Average Annual Cash Flow = The number of years it takes to pay back the investment.

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