Why is the net present value method of investment appraisal considered to be theoretically superior to other

Question:

Why is the method of investment appraisal considered to be theoretically superior to other methods that are found in practice?
Net Present Value
What is NPV? The net present value is an important tool for capital budgeting decision to assess that an investment in a project is worthwhile or not? The net present value of a project is calculated before taking up the investment decision at...