What question is the payback period model answering? What are the two major drawbacks of the payback

Question:

What question is the model answering? What are the two major drawbacks of the In what situations do businesses still use it?
Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...