Compare and contrast the different methods used to evaluate potential capital projects, such as the payback period, net present value (NPV), internal rate of return (IRR), and profitability index. Highlight the strengths and weaknesses of each method. Include an explanation of what criteria should be used to assess the success of a capital project.

Compare and contrast the different methods used to evaluate potential capital projects, such as the payback period, net present value (NPV), internal rate of return (IRR), and profitability index. Highlight the strengths and weaknesses of each method. Include an explanation of what criteria should be used to assess the success of a capital project