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6. Given the five methods presented in Capital budgeting, Payback ,discounted pay back ,NPV, IRR, MIRR which method is the best for evaluating a projects

6. Given the five methods presented in Capital budgeting,
Payback ,discounted pay back ,NPV, IRR, MIRR which method is the best for evaluating a projects contribution to firm value. In a paragraph explain your answer. Include the advantages and disadvantages of the method you chose.

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