Question: Define the term net present value (NPV). Explain the rationale for using the NPV method when making capital budgeting decisions. Define the term internal rate

Define the term net present value (NPV). Explain the rationale for using the NPV method when making capital budgeting decisions. Define the term internal rate of return (IRR). Explain the rationale behind using the IRR method when making capital budgeting decisions. Define the term modified internal rate of return (MIRR). Explain the rationale behind using the MIRR method when making capital budgeting decisions.

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