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1. Net Present Value (NPV), 2. Internal Rate of Return (IRR), 3. Simple payback period, and 4. Discounted payback Why would Joan need to calculate

1. Net Present Value (NPV),

2. Internal Rate of Return (IRR),

3. Simple payback period, and

4. Discounted payback

Why would Joan need to calculate these measures? Differentiate the methods and provide pros and cons. Why would Benny suggest using the average?

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