1. In your own words identify and contrast the strengths and weaknesses of the following three capital budget decision models: NPV, IRR/MIRR, and Payback /Discounted Payback Models
2. Given the Net Present Value (NPV) method of capital budget analysis is financially superior to the Internal Rate of Return (IRR) method and always provides the most correct result; explain why so many companies still use the IRR Method.
3. Identify the capital budget decision model that most appeals to you and why it has its appeal.
