In a Word document, respond to the following. Number your responses 1–4.
Explain the net present value (NPV) method for determining a capital budgeting project's desirability. What is the acceptance benchmark when using NPV?
Explain the payback period statistic. What is the acceptance benchmark when using the payback period statistic?
Describe the internal rate of return (IRR) as a method for deciding the desirability of a capital budgeting project. What is the acceptance benchmark when
using IRR?
Describe the modified internal rate of return (MIRR) as a method for deciding the desirability of a capital budgeting project. What are MIRR's strengths and
weaknesses?