Question: we learned about using Net Present Value (NPV) and Internal Rate of Return (IRR) to evaluate investment projects. Using these concepts, describe, compare and contrast

we learned about using Net Present Value ("NPV") and Internal Rate of Return ("IRR") to evaluate investment projects. Using these concepts, describe, compare and contrast the two approaches to evaluating projects. Identify two or three kinds of projects where these analytical tools are used. What are limitations of either approach?

Lastly, address what "payback analysis" means and whether it is viable analytical tool. Why or why not?

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