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If you were to make a capital-budgeting decision based on project cash flows, would you prefer to use the NPV, the IRR method, the payback

If you were to make a capital-budgeting decision based on project cash flows, would you prefer to use the NPV, the IRR method, the payback rule or the discounted payback rule? Why would you use the method that you have selected? What is the advantage of using multiple methods?

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