Contrast the strengths and weaknesses of each capital budget decision models: npv, irr/mirr, and payback/discounted payback modelsl.

2. Given the Net Present Value (NPV) method of capital budget analysis is superior to the Internal Rate of Return (IRR) method; 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.