All of the following are strengths of the payback period except

 All of the following are strengths of the payback period except:

multiple choice
it uses cash flows, not income.
it ignores the time value of money. Correct
it is easy to compute.

Explanation
Knowledge Check 01
 
The two strengths of the payback period are that it uses cash flows, not income and it is easy to compute. The fact that it ignores the time value of money is a weakness, not a strength.