Question: a) discuss potential flaws with the regular payback method. Discuss whether or not the discounted payback method corrects all of these flaws. b) Consider NPV,

a) discuss potential flaws with the regular payback method. Discuss whether or not the discounted payback method corrects all of these flaws.

b) Consider NPV, IRR and Payback. Give three capital budgeting scenarios (be specific) when 1) NPV would be better than other two; 2) IRR would be the best metric choice; 3) Payback should be used over NPV or IRR.

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