Is the project with the shortest payback period also the one with the highest NPV? Which criterion

Question:

Is the project with the shortest also the one with the highest NPV? Which criterion should you use?

Is the project with the shortest payback period also the

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,...