ICS. Which of the following statements is CORRECT? The MIRR is generally regarded by academics as being the best single method for evaluating capital budgeting projects. The IRR is generally regarded by academics as being the best single method for evaluating capital budgeting projects. The payback method is generally better than NPV method. Profitability index and NPV usually provide the same accept/reject results, although they do not necessarily rank acceptable projects in the same order. Both b and c