10. Comparison of alternative decision criteria There are four principal decision models for evaluating and selecting investment projects: Net present value (NPV) Profitability index (PI) Internal rate of return (IRR) Payback period (PB) . Which method recognizes the real option aspects of a proposed capital investment? None of the methods (NPV, IRR, PI, PB, or discounted PB) recognizes the real option aspects of a capital investment OPB and discounted PB O Conventional PB O NPV, IRR, PI, and discounted PB Read the following statements and categorize whether they characterize the IRR, NPV, PB, or PI decision criteria: Statement IRR NPV PB PI Offers the most theoretically correct method for analyzing a capital investment project to o O oo o O The value is calculated as PVNCF = NINV, where the criterion is the discount rate applied to the project's NCFS olo The period of time required for the cumulative cash inflows to equal the project's net investment O