### Regular Payback Method; Discounted Payback Method, NPV, WACC, Mutually Exclusive Project

What are the three potential flaws with the regular payback method? Does the discounted payback method correct all three flaws? Explain. Why is the NPV of a relatively long-term project (one for which a high percentage of its cash flows occurs in the distant future) more sensitive to changes in WACC than that of a short-term